Downtown Office/Retail Investment For Sale
|Catylist Listing ID:
Business Park, Office Building
|Building Size (RSF):
|Property Use Type:
|Class of Space:
||Cash to Seller
Overview / Comments
This downtown office park lends itself to a 15.8% CAP investment or an owner/operator 5.5% CAP investment. Lease-to-purchase option will be considered. Flexible square footage offered to accommodate a one-site office or multiple suites. This property is currently generating $4,154.00 monthly in rental income performing at a 5.5% CAP rate. The current owner is an attorney who is retiring soon and currently occupying 3,665 SF of the space. Building fully leased without an owner occupant can perform up to a 15.8% CAP rate. The building is ready for an Attorney, CPA, Bookkeeping, Financial Services, Insurance, and various other agencies. Four HVAC units with one replaced in 2016. New roof 2016, 12 potential office spaces, and 17 parking spaces.
Attachments & Media
||Investor or Owner-Operator investment building, generating lease
income, available. A Lease-to-Purchase option will be considered.
Flexible square footage offered to accommodate a one site office or
multiple suites. The building is currently generating $2,400.00 in
rental income. The present Landlord/attorney, utilizes a large amount
of space however is retiring soon. The large space is ready for an
Attorney, CPA, Bookkeeping, Financial Services, Insurance, and
Various Agencies. Owner will lease back for three months to allow
investor some time to lease the space. Four HVAC units with one
replaced in 2016 and roof in 2016. 12 potential office spaces, 5
current tenants and 30 parking spaces.
|Total Parking Spaces:
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