Listed by Randolph Cole & Company
$1,995,000
Craft Veach Business Center
Details
Property Type Office
Sub Type Executive Office
Square Footage 15,000
Net Rentable (SqFt) 14,000
Units 8
Cap Rate 5.01%
NOI $100,000
Occupancy 85%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 6.02%
Pro-Forma NOI $120,000
Price per SqFt $133
Broker Co-Op Yes
Class B
Buildings 1
Stories 1
Acreage 5.000
Zoning C-3
Investment Type Value Add
Tenant Credit No Credit Rating
Occupancy Date 01/17/2023
Ownership Partnership
Sale Condition For sale by owner
Office | 5.01% CAP | 15,000 SqFt
Marketing description
Craft Veach Business Center is a 15,000 SF office building with excess land to support a second 15,000 SF office building. The property contains a high level of professional tenants including two CPA firms, three financial advisors, a roofing contractor and a general commercial contractor. The building also contains about 1,300 SF of executive office suites.
Listing Contacts
Listed by Randolph Cole & Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$100,000.00
$8,333.33/mo
Valuation Metrics
0
DSCR
5.01%
Cap Rate
5.01%
ROI
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