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2nd Floor - Unit 201-205
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Office
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2,093 SF
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$800,000 USD
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Unit Size: 2,093 SF
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Condo Use: Office
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Price: $800,000 USD
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Sale Type: Investment or Owner User
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Price/SF: $382.23 USD
Description
5 contiguous 2nd-floor office condos offered for sale individually or as a portfolio
Sale Notes
SELLER FINACNING AVAILABLE! Top Gun CRE, Inc. is pleased to present a unique portfolio investment opportunity — (5) contiguous 2nd-floor office condos offered for sale individually or as a portfolio. Each unit averages ~419 SF, is currently leased to a business tenant month-to-month, and has been recently upgraded with vinyl flooring or carpet, fresh paint, lighting, and ceiling fans. Each unit includes a wall AC unit and most feature partitioned interior offices plus a reception area. Current rents range from $400 - $575/month.
The units are part of a 19-unit office condo complex with 18 off-street parking spaces. The businesses that operate at the property include engineering, insurance, real estate, construction, and more. HOA dues of ~$65–$75/month per unit cover water, sewer, trash, landscaping, common-area maintenance, and exterior security lighting. Gas and electric are separately metered and paid directly by tenants. Common-area restrooms are located on each floor; building access is via stairwell only (no elevator).
Seller's preferred exit is a two-party simultaneous 1031 exchange into a 4+ unit multifamily property (fixers preferred), but is also open to outright sale — individually or as a portfolio — and will consider seller financing at 5–5.5% interest on a 10-year term.
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Max Delbecq
Top Gun CRE
