Listed by Commercial Associates
$3,445,000
Harrison Place
Details
Property Type Office
Sub Type Executive Office
Square Footage 12,200
Net Rentable (SqFt) 12,283
Cap Rate 6.69%
NOI $230,342
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $282
Class B
Year Built 1999-2000
Buildings 2
Zoning CMU
Parking Spaces 32 spaces
Parking per 1,000 SqFt 2.62
Investment Type Stabilized
Ground Lease Yes
Sale Condition For sale by owner
Office | 6.69% CAP | 12,200 SqFt
Marketing description
Two leased professional offices buildings. Situated on half a city block subject to a long-term land lease.
Investment highlights
Multi tenant buildings on NNN leases. Tenants include First American Title, Mortgage Express, Connected Real Estate Group, Farmers Insurance, Directors Mortgage, and Principal Property Management.
Listing Contacts
Listed by Commercial Associates
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$230,342.00
$19,195.17/mo
Valuation Metrics
0
DSCR
6.69%
Cap Rate
6.69%
ROI
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