Income Property with 7.9% CAP for Sale
Income property with 7.9% CAP. Leased to federal bankruptcy attorney. 3,780 SF on MAIN LEVEL: 11 offices, reception area w bullet proof glass, 2 restrooms, Elevator in waiting area.3,780 SF finished LOWER LEVEL: 7 offices, conference room, break room, reception area with 3 offices. 5 year lease renewed. 8 months left on prior term (5 years 8 months as of 10/18).
Tenant has additional 5 year option as well. Current NOI $76,281, renewal NOI $83,868.
Sale Price: $1,050,000