Trident Real Estate Solutions
Listed by Trident Real Estate Solutions
$1,100,000
1300 NE Division Building
Details
APN R121687
Property Type Retail, Industrial
Sub Type Storefront, Auto Shop
Square Footage 3,780
Net Rentable (SqFt) 3,780
Units 1
Cap Rate 5.53%
NOI $60,780
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 11.6
Lease Expiration 07/31/2031
Remaining Term 5
Rent Bumps Yes
Price per SqFt $291
Year Built 1985
Buildings 1
Stories 1
Acreage 0.320
Zoning DEM GC
Parking Spaces spaces
Investment Type Net Lease
Lease Commencement 01/01/2020
Ground Lease No
Fully leased long term stable tenant with annual increases!
Marketing description
Long term leased triple net tenant. Multi -locations. No deferred maintenance. 4 grade doors - paint booth - office - on site parking for vehicles. 2 tax lots. Newer roof - camera's - exterior maintenance - mechanical all upgraded.
Open to offers!
Investment highlights
Long term triple net lease investment with stable long term tenant. Annual 3% increase. Lease terms: 2022 - 2031 with three (3) Five year options. Triple net lease.
Open to offers!
Listing Contacts
Trident Real Estate Solutions
Listed by Trident Real Estate Solutions
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,780.00
$5,065.00/mo
Valuation Metrics
0
DSCR
5.53%
Cap Rate
5.53%
ROI
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