Listed by Plum Tree Realty
$899,900
Finneytown Office Complex
Details
APN 590-0220-0254-00
Property Type Office
Sub Type Traditional Office
Square Footage 9,048
Net Rentable (SqFt) 9,048
Units 43
Cap Rate 9.17%
NOI $82,480
Occupancy 80%
Tenancy Multi
Lease Type NNN
Lease Expiration 06/30/2031
Remaining Term 5
Rent Bumps Yes
Pro-Forma NOI $117,980
Class B
Year Built 1988
Buildings 1
Stories 1
Acreage 1.285
Zoning Commercial
Parking Spaces 53 spaces
Parking Per SqFt 5.86
Investment Type Value Add
Ownership Entity
Office | 9.17% CAP | 9,048 SqFt
Marketing description
Great opportunity to own an office complex in the highly desired Finneytown. Located on a quiet side street away from the main road of Winton Ave. Current monthly gross: $7,081. All tenants on triple net leases. Two vacancies, would make a great owner occupied asset!
Investment highlights
All Triple Net Leases!
Great Location for businesses!
80% Occupied, would be great as owner occupied asset!
Listing Contacts
Listed by Plum Tree Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,480.00
$6,873.33/mo
Valuation Metrics
0
DSCR
9.17%
Cap Rate
9.17%
ROI
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