Listed by NAI Coastal - Salisbury
$1,990,000
105-111 NE Front Street
Details
Property Type Office
Sub Type Traditional Office
Square Footage 13,224
Cap Rate 9.00%
NOI $180,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Class A
Buildings 1
Stories 1
Acreage 0.410
Zoning Commercial
Office | 9.00% CAP | 13,224 SqFt
Marketing description
This is a beautiful, well maintained and recently renovated investment property centrally located in the heart of downtown Milford, DE. This property boasts an annual income of over +/- $180,000 at NNN terms, offering significant investment and income potential to a qualified Buyer.
The property contains two Class A, well-established Tenants, supporting sustainable income and a strong Tenant mix.
The property is located within Milford's Central Business District and is surrounded by prospering businesses and in close proximity to Route 13. The Central Business District offers multiple incentives through the City of Milford and State of Delaware such as Opportunity Zone and Downtown Development District grants.
Investment highlights
- Annual lease income of +/- $180,000
- 10,712 SF of fully-tenanted professional office space at NNN terms
- Additional +/- 2512 SF of allocated expansion space (all NNN paid)
- Within the Central Business District and in close proximity to Route 13
Listing Contacts
Listed by NAI Coastal - Salisbury
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,000.00
$15,000.00/mo
Valuation Metrics
0
DSCR
9.05%
Cap Rate
9.05%
ROI
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Property History
Tax History
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