
Description
Excellent opportunity to own, lease or occupy a Modern Office building in a desirable Business Park. Social Security is the current tenant, but is expected to vacate the building within the next 6 to 12 months. The building will then be available for a new tenant or owner/occupant. Projected net operating income of $75,981 is an 8.94% Cap Rate. When Social Security vacates, leasing at a conservative estimated Market Rent with limited expenses of Real Estate Tax, Insurance, Lawn Care & Snow Removal projects a Net Operating Income of $74,600 which boosts your return to a 8.78% Cap Rate at the listed price. A modified Net projected operating statement for post SSA occupancy has been uploaded under documents icon, Owner has relocated out of state and is looking to exchange into an investment in that location.
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0BEDS
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1ACRES
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0BATHS
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01/2 BATHS
Description
Excellent opportunity to own, lease or occupy a Modern Office building in a desirable Business Park. Social Security is the current tenant, but is expected to vacate the building within the next 6 to 12 months. The building will then be available for a new tenant or owner/occupant. Projected net operating income of $75,981 is an 8.94% Cap Rate. When Social Security vacates, leasing at a conservative estimated Market Rent with limited expenses of Real Estate Tax, Insurance, Lawn Care & Snow Removal projects a Net Operating Income of $74,600 which boosts your return to a 8.78% Cap Rate at the listed price. A modified Net projected operating statement for post SSA occupancy has been uploaded under documents icon, Owner has relocated out of state and is looking to exchange into an investment in that location.
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