Description
Great Investment and/or 1031 Exchange property with 7 total units totaling over 11,600 sf of leasable space. 5 of the units have established business leases in place - RECENTLY RENEWED - medical related and other business uses. Two others are currently for lease in separate listings. They were former Medical Labs. 5% CAP rate at List Price even with the two vacancies. When those lease, the CAP rate will increase to over 7%. Hidden Value in this deal is the excess land that can be developed into at least 6 more units. This is a great investment property.
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0BEDS
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4.5ACRES
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0BATHS
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01/2 BATHS
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11,620SQFT
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$133$/SQFT
School Ratings & Info
Description
Great Investment and/or 1031 Exchange property with 7 total units totaling over 11,600 sf of leasable space. 5 of the units have established business leases in place - RECENTLY RENEWED - medical related and other business uses. Two others are currently for lease in separate listings. They were former Medical Labs. 5% CAP rate at List Price even with the two vacancies. When those lease, the CAP rate will increase to over 7%. Hidden Value in this deal is the excess land that can be developed into at least 6 more units. This is a great investment property.
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