Listed by Nino Trujillo & Company, Inc.
$5,500,000
Wells Fargo Building- Belen
Details
Property Type Office
Sub Type Executive Office
Square Footage 44,560
Cap Rate 8.15%
NOI $448,042
Occupancy 64%
Tenancy Multi
Brand/Tenant Wells Fargo Bank
Lease Type Gross
Lease Term 10
Remaining Term 5
Rent Bumps Yes
Lease Options yes
Price per SqFt $123
Broker Co-Op Yes
Class A
Year Built 1987
Buildings 1
Stories 4
Acreage 3.870
Zoning C1
Parking Spaces spaces
Investment Type Sale/Leaseback
Tenant Credit No Credit Rating
Occupancy Date 05/01/2024
Sale Condition For sale by owner
4 Story Building- Income Producing
Marketing description
Property consists of 44,680 SQ FT Multi-tenant 4 story Bank Building. Sitting on Approx. 3.84 Acres with 6+ drive up windows and Views in EVERY direction. This property has a great income, including anchor tenant of Wells Fargo. This building has even more phenomenal income potential. PnL available upon request.
Listing Contacts
Listed by Nino Trujillo & Company, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$448,042.00
$37,336.83/mo
Valuation Metrics
0
DSCR
8.15%
Cap Rate
8.15%
ROI
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