~ 10% Cash-on-Cash | ~ 9.19% Cap Rate | ~ $219,983 NOI
.. 100% Bonus Depreciation using Cost Segregation [~ $ 428k to $624K].. Price recently reduced from $2.6MM. #'s above reflect vacancy. There is another acre that could potentially be developed w/gov't approvals. Great for an owner / user as 6,955SF is available on 2nd floor. ~$300K in upgrades to bldg & 10yr renewal for gov't entity in 2024. Multi-tenanted w/ both medical & gov’t entities to off-set monthly operating expenses. Well maintained, two-story complex inside & out. Two, 2nd level suites across from each other. 6,955 RSF in total [$12/SF, NNN]. Bullpen areas [one with numerous cubicles (± 50) ready for occupancy], perimeter offices, conference rooms, kitchenettes, plenty of windows [natural light] & security features. Region destined to become "Silicon Valley of the East" w/help from Nvidia co-founders investment at RPI.. - Foothills of the Adirondacks-Lake George region. Office Mkt reversing course?