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767 - 777 Walker Road - Oak Ridge Professional Park, Dover, DE

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DetailMap
767 - 777 Walker Road - Oak Ridge Professional Park

Oakridge Professional Park
Dover, DE 19904 - Kent County Submarket


Property Type:Office Sub Type:- Status:Existing Year Built:1985
Stories:1 Typical Floor:- Building Size:6,000 SF
For Sale Price:Condo (see detail) Price/SF:For Sale
Cap Rate:-
Condos:This property has 1 condo for sale. The size of the for sale condo is 1,200 SF. Parking:Free Surface spaces are available; Ratio of 3.78/1,000 SF Amenities:Signage


Condos For Sale:
Floor
Suite
Unit SF
Price
Space Use
  1st
1
1,200 SF
$142,500
Office
 
2863421


Floor
Suite
Unit SF
Price
Space Use
1st
1
1,200 SF
$142,500
Office
Property has settled, but should still be kept on the market “For Lease” at the same rates.
Capital Commercial Realty had both sides of the transaction.
Seller: Edward Bolds
Buyer: Tinman Enterprises lll, LLC
Price: $240,000.00
Transaction Date: 8/24/10
Property Use: Office
Investor: Yes
Cap Rate: 10%
Income Details: $12/sf projected rent on a NET basis; After projected renovation expense a 10 % CAP is anticipated.
Motivation: Sold to reduce debt.

Sale Notes:



Þ Recently renovated office condo
Þ 1,332 sq ft
Þ 4 offices: 3 first floor, 1 second floor
Þ Powder room
Þ Unfinished basement
Þ New heat, A/C and electric



Capital Commercial Realty
Steve Montague
(302) 734-4400


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