Listed by Property Resources Group
$4,800,000
St Marks
Details
Property Type Special Purpose
Sub Type Investment Opportunity
Square Footage 25,657
Cap Rate 6.99%
NOI $335,542
Tenancy Single
Lease Type NNN
Lease Expiration 07/31/2031
Remaining Term 5.2
Pro-Forma Cap Rate 8.01%
Pro-Forma NOI $384,624
Price per SqFt $187
Broker Co-Op Yes
Year Built 1912
Acreage 1.130
Special Purpose | 6.99% CAP | 25,657 SqFt
Marketing description
This property is a beautiful venue that is leased by the Sanctuary Event Center. With great parking along with a fantastic venue the Sanctuary stays busy with weddings, concerts and events of all sorts. This has a long-term lease in place with annual increases in rent. There are an additional 58 spaces that could be rented out for $75.00 per month. *Opportunity Zone tax benefits may apply.
Listing Contacts
Listed by Property Resources Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$335,542.00
$27,961.83/mo
Valuation Metrics
0
DSCR
6.99%
Cap Rate
6.99%
ROI
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