Perfect single tenant investment opportunity for the right Buyer! This single level building was built by SF Brown in 2001 and consists of 9,785 square…
MLS: 202340557
List Date: 08-15-2023
Status: Active
Area: Southwest City, South
Type: Office
Acres: 0.18
Perfect single tenant investment opportunity for the right Buyer! This single level building was built by SF Brown in 2001 and consists of 9,785 square feet and is currently leased to an engineering firm Souder, Miller and Associates through January 31st 0f 2028. This lease has scheduled annual rent increases every October 1st of 1.5% and is currently paying $12,577.29 per month. This is a NNN Lease with the Tenant paying RE taxes, Insurance, Condo Association fees and any other associated special assessments. The current NOI is $153,192.00 with a Cap Rate of 6.66% with 1.5% annual rent increases. The space itself consists of a mixture of single private offices, conference rooms, flex space all surrounding a central outdoor private courtyard which is beautifully landscaped.
Construction Materials:Frame
Days on Market:464
Flooring:Concrete, Tile, Wood
Parking Features:Paved, Parking Available, Parking Lot
Property Type:Commercial Building
Property Sub Type:Office
Roof:Pitched
Sewage:Public Sewer
Utilities:High Speed Internet Available
Water Source:Public
Zoning:BIP
Alicia Bertram
SF Brown Real Estate
