Description
CAP RATE OVER 8%!!!Motivated Seller! Great Opportunity! If you are looking for office space for your company this location is Prime. Let the other units pay the insurance, taxes & mortgage. Building has total of 13,600 sq. ft., with 5,000 sq. ft still available in 4 separate units (one on first floor, three on second floor). There are two residential units which are fully rented and have been for years by the same tenants. Additional 3,000 sq. ft. of insulated storage space in the rear is also rented. Owner installed 5 new HVAC units. Unit above the print shop is under redevelopment now. Security cameras installed, 50 car parking lot recently sealed and repainted. Current Cap Rate is 8%, when fully rented, Cap Rate will be over 16%! Current Rent Roll available.
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0BEDS
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0.67ACRES
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0BATHS
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01/2 BATHS
Description
CAP RATE OVER 8%!!!Motivated Seller! Great Opportunity! If you are looking for office space for your company this location is Prime. Let the other units pay the insurance, taxes & mortgage. Building has total of 13,600 sq. ft., with 5,000 sq. ft still available in 4 separate units (one on first floor, three on second floor). There are two residential units which are fully rented and have been for years by the same tenants. Additional 3,000 sq. ft. of insulated storage space in the rear is also rented. Owner installed 5 new HVAC units. Unit above the print shop is under redevelopment now. Security cameras installed, 50 car parking lot recently sealed and repainted. Current Cap Rate is 8%, when fully rented, Cap Rate will be over 16%! Current Rent Roll available.
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