Listed by Encompass Real Estate Services
$3,200,000
Highland Professional Center
Details
Property Type Office
Sub Type Traditional Office
Square Footage 11,591
Net Rentable (SqFt) 11,591
Units 2
Cap Rate 7.56%
NOI $242,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 10.3
Lease Expiration 11/29/2029
Remaining Term 3.5
Rent Bumps Yes
Lease Options 1-5 year option
Price per SqFt $276
Broker Co-Op Yes
Class B
Year Built 1933
Year Renovated 2023
Buildings 1
Stories 1
Lot Size (SqFt) 16,100
Zoning MU-C
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 08/31/2019
Office | 7.56% CAP | 11,591 SF
Marketing description
Fully leased building on Miller Trunk HWY. Tenants include Essentia Orthopedics and Northway Avademy. Continued Residential and Commercial development makes this a solid long term investment.
Listing Contacts
Listed by Encompass Real Estate Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$242,000.00
$20,166.67/mo
Valuation Metrics
0
DSCR
7.56%
Cap Rate
7.56%
ROI
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