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1st Floor - Unit 2431
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Office/Retail
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1,445 SF
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$125,000 USD
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Unit Size: 1,445 SF
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Condo Use: Office/Retail
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Price: $125,000 USD
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Sale Type: Investment or Owner User
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Price/SF: $86.51 USD
Description
Excellent investment opportunity featuring two commercial units offered together. The units total approximately 2,890 square feet and currently generate $33,000 annually in base rent. With a modified NNN lease structure, the property offers an attractive approximately 10.9% cap rate with limited management responsibility. Adding to the investment potential, the existing tenant's business occupies all four contiguous units in the building. The subject units are currently leased month-to-month, with rents that have remained unchanged for several years. This unique configuration provides a new owner with immediate cash flow along with a compelling opportunity to negotiate a new long-term lease at updated rental terms. An attractive combination of strong current return, limited management, tenant retention potential, and future rental upside.
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1st Floor - Unit 2433
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Office/Retail
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1,445 SF
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$125,000 USD
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Unit Size: 1,445 SF
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Condo Use: Office/Retail
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Price: $125,000 USD
-
Sale Type: Investment or Owner User
-
Price/SF: $86.51 USD
Description
Excellent investment opportunity featuring two commercial units offered together. The units total approximately 2,890 square feet and currently generate $33,000 annually in base rent. With a modified NNN lease structure, the property offers an attractive approximately 10.9% cap rate with limited management responsibility. Adding to the investment potential, the existing tenant's business occupies all four contiguous units in the building. The subject units are currently leased month-to-month, with rents that have remained unchanged for several years. This unique configuration provides a new owner with immediate cash flow along with a compelling opportunity to negotiate a new long-term lease at updated rental terms. An attractive combination of strong current return, limited management, tenant retention potential, and future rental upside.
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Chris Pasternak
Pasternak Properties
