Listed by Peqout Commercial Real Estate
$950,000
35 Wells St., Unit #4
Details
Property Type Office
Sub Type Medical Office
Square Footage 4,143
Net Rentable (SqFt) 4,143
Cap Rate 8.50%
NOI $81,775
Lease Type NNN
Lease Term 10
Lease Expiration 04/29/2034
Remaining Term 7.9
Rent Bumps Yes
Lease Options 2 Five Year
Pro-Forma Cap Rate 8.61%
Pro-Forma NOI $81,775
Price per SqFt $229
Broker Co-Op Yes
Year Built 1998
Year Renovated 2015
Stories 4
Acreage 1.230
Zoning P-15 Professional/Office
Parking Spaces 100 spaces
Parking Per SqFt 24.14
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 04/30/2024
Office | 8.50% CAP | 4,143 SqFt
Marketing description
Investment Offering
Investment highlights
- Electric:
- Building: 102/208 volts 3 phase 800 amp
- Unit: 102/208 volts 3 phase 800 amp
- No. of floors: 4 floors with elevator Unit on 2nd floor handicapped accessible
Listing Contacts
Listed by Peqout Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$81,775.00
$6,814.58/mo
Valuation Metrics
0
DSCR
8.61%
Cap Rate
8.61%
ROI
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