18-Stories, 112,000 Square Feet Mixed Use Building
Purchase Price: $135,000,000
Offers Need to be at least $130M+
Buyer Broker Commission: 3% (Please factor that into your offer)
Total Rental Gross Income: $6,201,300
Real Estate Taxes: $804,047 (only expense)
Net Operating Income (NOI): $5,397,253
Capitalization Rate: 3.99%
BUILDING SQUARE FOOTAGE AND SUPERB CASH FLOW OPPORTUNITY
Residential: 112,000 SF
Retail: 2,000 SF
Total SF: 114,000 SF
Currently 100 percent of the Property is Net-Leased to 1 tenant with 9 Years of the lease term remaining. The Landlord is only responsible for paying real estate taxes, and maintaining the roof and structural elements of the building. Additionally, there are scheduled rent increases every (5) years.
This is an 18-story Property comprising 112,000 square feet of residential and amenity space, and an additional 2,000 square feet of retail space. The typical floor plate size of approximately 6,300 square feet maximizes natural light.
Property has been recently renovated. The Property includes brand-new building systems and offers investors a modern, state-of-the-art, best-in-class property.
Property Boasts a net operating income of approximately $5.4 million dollars.
This Property provides investors tremendous long-term income stability.
New Ownership will benefit from the Property's superior quality.
For the buyer to get the complete setup package, you will have to submit an LOI & Buyer/Company Profile.
NO BROKERS PLEASE!!!! PRINCIPALS ONLY.....
For more information, please call Darryl at:
Licensed Real Estate
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