Listed by Venture Group
$1,150,000
507 Fruitvale Court
Details
APN 2943-093-53-037, 2943-093-53-015 and 2943-093-53-016.
Property Type Office, Industrial
Sub Type Executive Office, Warehouse
Square Footage 8,800
Net Rentable (SqFt) 8,800
Cap Rate 7.60%
NOI $87,948
Tenancy Multi
Lease Type Modified
Rent Bumps Yes
Pro-Forma Cap Rate 9.20%
Pro-Forma NOI $105,600
Price per SqFt $131
Broker Co-Op Yes
Year Built 1981
Buildings 1
Stories 1
Acreage 1.170
Zoning PUD
Parking Spaces 20 per unit
Investment Type Owner/User
Ground Lease No
Ceiling Height 12
Loading Docks 5
Office | 7.60% CAP | 8,800 SqFt
Marketing description
Commercial Investment opportunity with current 7.6% cap rate. Includes parcel numbers: 2943-093-53-037, 2943-093-53-015, and 2943-093-53-016. Unit C, consisting of 4,800/SF is leased through 3/31/2026, with renewal options at $10/SF plus NN and Utilities and 3% annual escalators. Unit A consisting of 4,000/SF is leased through 12/31/2025 with renewal option for one additional year with 3% escalator for $3,329/month plus NN and Utilities. Property located in a light industrial park with easy access to I70B.
Listing Contacts
Listed by Venture Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$87,948.00
$7,329.00/mo
Valuation Metrics
0
DSCR
7.65%
Cap Rate
7.65%
ROI
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