Listed by Caliber Commercial Brokerage
$920,000
4th & Pine Professional Building
Details
Property Type Mixed Use, Office
Sub Type Shopping Center, Storefront
Square Footage 13,916
Net Rentable (SqFt) 13,916
Units 16
Cap Rate 10.28%
NOI $94,544
Occupancy 81.25%
Tenancy Multi
Lease Type Modified
Broker Co-Op Yes
Year Built 1922
Year Renovated 2021
Buildings 1
Stories 2
Acreage 0.220
Investment Type Net Lease
Mixed Use | 10.28% CAP | 13,916 SqFt
Marketing description
Extensively Renovated- $193K in Recent Upgrades: Includes a new 50- year roof, updated HVAC systems, and a newly built retention wall.
Prime Location in Business District-Close to major attractions like Northwest Arena, the National Comedy Center, and the Lucille Ball Little Theatre—strong foot traffic drivers.
Strong Tenant Mix: Features a solid rent roll with a blend of destination retail and professional service tenants.
Leasing Opportunity: 1,800 SF of vacant space available, with active interest and tours underway.
Growing Market: The surrounding area is seeing rapid development, with multiple new businesses opening within a one-mile radius.
Listing Contacts
Listed by Caliber Commercial Brokerage
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$94,544.00
$7,878.67/mo
Valuation Metrics
0
DSCR
10.28%
Cap Rate
10.28%
ROI
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