Listed by Hamontree Real Estate
$1,200,000
902 S 3rd Street
Details
APN 15730423200700, 15730423200600, 15730423200500
Property Type Office, Mixed Use
Sub Type Traditional Office, Creative Office
Square Footage 5,730
Net Rentable (SqFt) 5,700
Units 20
Cap Rate 6.18%
NOI $74,220
Occupancy 100%
Tenancy Single
Lease Term 5
Lease Expiration 12/31/2030
Remaining Term 4.5
Rent Bumps No
Lease Options two, three year periods
Price per SqFt $209
Year Built 1965
Year Renovated 2010
Stories 2
Acreage 0.440
Zoning B2 - Business
Parking Spaces 20 spaces
Parking per 1,000 SqFt 3.49
Tenant Credit Corporate Guarantee
Lease Commencement 12/16/2025
Ground Lease No
Office | 6.18% CAP | 5,730 SqFt
Marketing description
Multi-use commercial property zoned B2 with direct 3rd Street access. Situated on 0.44 acres, this property includes 1,890 sq ft of main-level office space with 8 private offices, reception, conference room, break room, and shared work areas. The upper level offers an additional 1 ,890 sq ft ideal for open office use or cubicles. Attached shop space features 4 bay doors and indoor parking. Ample paved parking plus fenced area for storage or fleet parking. Versatile layout suitable for a variety of business uses.
Investment highlights
- Overhead Door Height: 12'
- Land Sq Ft: 19,008
- Sq Ft Main: 3,810
Listing Contacts
Listed by Hamontree Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,220.00
$6,185.00/mo
Valuation Metrics
0
DSCR
6.19%
Cap Rate
6.19%
ROI
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