Description
4,000 sf office building with 17 rooms as currently configured. Can be separated into 4 office suites with anticipated rent of $54,000/yr with owner paying property taxes, building insurance, common area maintenance, some other maintenance and utilities; anticipated cap rate of 13% after subdividing the building. Note: this is conceptual only; buyer should employ a contractor to analyze costs. 4 parcels are included for a total of 1.15 acres (9642-46-0668, -4741, -1793, 0774) MATERIAL FACT: A discrepancy in deed descriptions between these parcels and the parcel to the south. The owners are currently negotiating a solution.
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0BEDS
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1.15ACRES
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0BATHS
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01/2 BATHS
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3501-4000SQFT
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$53$/SQFT
School Ratings & Info
Courtesy of Adcock & Associates.Description
4,000 sf office building with 17 rooms as currently configured. Can be separated into 4 office suites with anticipated rent of $54,000/yr with owner paying property taxes, building insurance, common area maintenance, some other maintenance and utilities; anticipated cap rate of 13% after subdividing the building. Note: this is conceptual only; buyer should employ a contractor to analyze costs. 4 parcels are included for a total of 1.15 acres (9642-46-0668, -4741, -1793, 0774) MATERIAL FACT: A discrepancy in deed descriptions between these parcels and the parcel to the south. The owners are currently negotiating a solution.
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