Office For Sale
Property Details
Price
$2,600,000
Building Size
13,188 SF
Property Details
Office Building
Year Built
1979
Description

13,188 SF two story office building for sale on 0.65 acres of land. Offered for sale at a 6% proforma cap rate for $2,600,000. The property is professionally managed and over 50% of the leases roll by June 2021 to allow for either a user to occupy part of the building or for an investor to adjust the lease terms.

Highlights
6% Cap rate on proforma rents (leasing up the last two vacancies) and expenses
Possibility to owner/occupy 5,839 SF by mid-2021.
Well maintained two story office building
Professionally managed
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