Listed by DeLille | Field Commercial Real Estate
$349,500
1015 Hutton Lane, Suites 107 & 108
Details
APN 6890521354
Property Type Office
Sub Type Executive Office, Traditional Office
Square Footage 2,400
Units 2
Cap Rate 7.55%
NOI $26,400
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $153
Broker Co-Op Yes
Class B
Year Built 2001
Stories 1
Investment Type Stabilized
Tenant Credit No Credit Rating
Office Investment: Two Fully Leased End-Cap office Suites
Marketing description
Exceptional end-unit office condominium comprised of two combined suites totaling ±2,400 SF (approximately ±1,200 SF each). The space is efficiently built out with one restroom, break room, conference room, in one and one private office and open layout in the other. With non-load-bearing interior walls that allow for straightforward reconfiguration to meet a future user’s needs.
The property is currently 100% leased to two established tenants—a financial advisory firm and a real estate company—providing immediate in-place cash flow. Lease terms include a 5-year lease for the real estate tenant and an 18-month lease for the financial advisor. In-place NOI: $26,400.
Investment highlights
- Two suites combined
- Two (2) restrooms
- Break room
- Conference room
- HVAC - Gas heat
- Virtual Tour Link: https://my.matterport.com/show/?m=iG2tMhH46fR
- Fully Leased: $26,400 NOI
Listing Contacts
Listed by DeLille | Field Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$26,400.00
$2,200.00/mo
Valuation Metrics
0
DSCR
7.55%
Cap Rate
7.55%
ROI
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