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618-277-4400

Income Property with 7.9% CAP

$1,050,000

Listing Resources

Listing Description

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

Listing Details

Settings
Listing No : 654
Sale Or Lease : For Sale
Property Type(s) : Investment, Office, Office - General Office
Building Size (Sqft) : 7,560 Sqft
Total Sqft Available : 7,560 Sqft
Sale Price : $1,050,000
CAP Rate : 7.90%
NOI : $83,868
Building Total Sqft : 7,560 Sqft
Total Sqft Available : 7,560 Sqft
Office : 7,560 Sqft
Min Divisible Sqft : 7,560 Sqft
Max Contiguous Sqft : 3,780 Sqft
Elevators : Yes
Heating : Yes
Cooling : Yes
Men's Restroom : Yes
Women's Restroom : Yes
Parcel No : 04-04.0-206-033
Zoning : PB-Planned Business
Zoning By : Swansea
Complex : Bronze Pointe
Parking : Common Area
Parking Surface Type : Asphalt
Property Tax : $16,545
Tax Year : 2017
Year Built : 2000
Roof : Shingle
Exterior : Brick
Floors : 2
Gross Rental Income : $105,846
Insurance : $3,000
CAM : $1,890
Utilities : $543

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