After a decade of successfully operating this multiuse studio for music, podcasts, TV, video production, and events, the owner is considering retirement. Long-term contracts through 2026 with strong clients are in place and expected to more than double the current NOI. With no promotion or advertising, there’s significant untapped potential. The property and all equipment are owned outright, and current staff are available to stay or help with the transition. Projected NOI for 2025 is $135,000+, which at 4.4 times value equals $600,000, plus $330,000 in FF&E, along with a $2,270,000 bank appraisal on the real estate. The building can also be purchased separately from the business for $2,270,000, and short-term owner financing is available. Area rents support $135,000 NNN NOI which will equate to a 5.9 % Cap Rate at full price.
This facility has its own transformer and 1200 ampSES with 3 sub-panels which would easily supply electric for a data center, surgical center, dental medical offices, commercial catering, animal hospital, urgent care, printing shop or light manufacturing.
ALL REASONABLE OFFERS CONSIDERED!