Listed by LandPark Advisors LLC
$409,000
Kingsland Crossing Office Condos
Details
Property Type Office
Sub Type Medical Office, Traditional Office
Square Footage 1,225
Cap Rate 6.2%
NOI $25,355
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 4.2
Lease Expiration 06/30/2028
Rent Bumps Yes
Price per SqFt $334
Broker Co-Op Yes
Class A
Year Built 2024
Buildings 1
Stories 1
Investment Type Stabilized
Lease Commencement 05/01/2024
Office | 6.20% CAP | 1,225 SF
Marketing description
Occupied until 6/2028 with annual rent increases. Units 421 and 423 are vacant and available for sale or lease. Unit 425 is also available for sale as an investment that is occupied until 3/2027 with annual rent increases.
Investment highlights
Occupied until 6/2028 with annual rent increases. Units 421 and 423 are vacant and available for sale or lease. Unit 425 is also available for sale as an investment that is occupied until 3/2027 with annual rent increases.
Listing Contacts
Listed by LandPark Advisors LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$25,355.00
$2,112.92/mo
Valuation Metrics
0
DSCR
6.2%
Cap Rate
6.2%
ROI
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