Listed by Scott Realty Group LLC
$949,000
9 W Front Street - Fully Leased !
Details
APN 26-00-00566-00
Property Type Office
Sub Type Creative Office, Executive Office
Square Footage 4,200
Net Rentable (SqFt) 4,200
Units 3
Cap Rate 7.72%
NOI $73,310
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Expiration 05/31/2029
Remaining Term 4.5
Rent Bumps Yes
Lease Options yes
Pro-Forma Cap Rate 7.99%
Pro-Forma NOI $75,810
Price per SqFt $226
Broker Co-Op Yes
Class B
Year Built 1920
Buildings 2
Zoning O-Office District
Parking Spaces 7 spaces
Parking Per SqFt 1.67
Investment Type Net Lease
Lease Commencement 06/01/2024
MEDIA COMMERCIAL PROPERTY FOR SALE - 2 BUILDINGS
Marketing description
Fully Leased NNN Investment Opportunity: 2 Excellently located office buildings on the property. Total SF +/- 4,200 SF. Front building is approximately 2,200 SF of Office Space. and fully leased, NNN. The rear (detached) building is approximately 2,000 SF, divided into 2 suites. One block from the court house. Short walk to Restaurants & shops in downtown Media. Some Seller Financing possibly available. NOI +/- 75,810.00
Investment highlights
2 Buildings on one parcel in Downtown Media
100% leased with NNN leases
Excellent location - 1 block from the Media Courthouse
Off Street Parking
Walk to courthouse, restaurants, shops & more
Convenient to Rt 1, Rt 476, I-95 & Philly Airport
Listing Contacts
Listed by Scott Realty Group LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$73,310.00
$6,109.17/mo
Valuation Metrics
0
DSCR
7.72%
Cap Rate
7.72%
ROI
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