| List Price: 1,500,000 Property Use Type: | Investment |
| Primary Type: | Office Office Building |
| Building Size: | 10,300 SF |
| Building Class: | B |
| Occupancy: | 90.00% |
| Price/SF: | $145.63 |
| Cap Rate: | 6.04% |
| Year Built: | 1976 |
Property Description:
This is a very clean "Bread and Butter" office Building. It boasts a nice mix of tenants. The tenants create an income stream at the current under-market rents. However, this project has great realistic upside potential for a new buyer. It is believed that a 7.85 Cap Rate can be achieved in a short time by simply filling 3 small executive type spaces.
Central location in City
Under Market Rents
Terrific upside - 8.75% Cap Rate possible
Traffic Count of 20,000 Auto Per Day Past the Building.
50% of Replacement Value at $145 per SF.
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