Listed by Ecovest Properties
$5,500,000
Parkside Offices
Details
Property Type Office
Sub Type Traditional Office
Square Footage 52,272
Cap Rate 7.34%
NOI $403,900
Occupancy 89.44%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 8.18%
Pro-Forma NOI $450,000
Price per SqFt $105
Class B
Year Built 1980
Buildings 1
Stories 3
Parking Spaces per 1,000 sq ft
Investment Type Net Lease
Ownership Pavilions Medical Center, LLC
Office | 7.34% CAP | 52,272 SqFt
Marketing description
Breath taking location set right into Palmer Park. Building as a great mix of tenants with most being in the medical fields. Due to its location and the smaller suites this building as always been very easy to lease up.
Listing Contacts
Listed by Ecovest Properties
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$403,900.00
$33,658.33/mo
Valuation Metrics
0
DSCR
7.34%
Cap Rate
7.34%
ROI
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