Listed by Aegis Realty
$1,275,000
19-21 N Water Street
Details
Property Type Mixed Use, Office
Sub Type Restaurant, Storefront
Square Footage 3,288
Net Rentable (SqFt) 3,288
Units 1
Cap Rate 7.44%
NOI $94,800
Occupancy 100%
Lease Expiration 11/30/2030
Remaining Term 4.5
Rent Bumps Yes
Lease Options yes
Price per SqFt $388
Class A
Year Built 2004
Buildings 1
Stories 1
Zoning Retail
Investment Type Net Lease
Occupancy Date 12/01/2025
Mixed Use | 7.44% CAP | 3,288 SqFt
Marketing description
Spectacular space on busy North Water Street. New 5 year lease with options. Many, many residential units in the immediate area. Maritime Aquarium across the street. Restaurant lease. Great location, solid operator.
Investment highlights
Attractive cap rate. 2004 construction so not much to go wrong here. No roof to worry about, office condo above. Association takes care of cleaning windows and side walks (tenant pays). This is basically a coupon investment.
Listing Contacts
Listed by Aegis Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$94,800.00
$7,900.00/mo
Valuation Metrics
0
DSCR
7.44%
Cap Rate
7.44%
ROI
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