Value Add Purchase Opportunity. Property was designed for (2) identical buildings. Only one building was built. The 2nd had most horizontal infrastructure in place.
Parcel is 2.48 acres
NOI: $206,666.00
CAP Rate: 7.65% -
Site work including: Site Lateral Plumbing, Retention, Hard & Pervious Parking intended for second building are already in place
Building is 16,278 RSF. (6) Office Suites on 1st Fl w/ direct entrances. 2nd Floor has (2) Tenants, 3rd Floor has (2) Tenants. 3 of the Tenants have combined multiple suites.
Most Tenants have been in place since 2019. Newest 3,300 sf Tenant agreed to a 5 year term in 2024
Above conditions and referenced property entitlements need to be verified with county by purchaser in a due diligence period.