Listed by American Realty Brokers
$1,399,000
625 W. Southern
Details
APN 134-22-004-W
Property Type Office
Sub Type Traditional Office
Square Footage 5,167
Net Rentable (SqFt) 5,167
Cap Rate 6.28%
NOI $87,789
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 7
Lease Expiration 07/31/2029
Remaining Term 3.2
Rent Bumps Yes
Price per SqFt $271
Broker Co-Op Yes
Year Built 1973
Buildings 1
Stories 1
Lot Size (SqFt) 19,341
Zoning OC
Investment Type Net Lease
Lease Commencement 08/01/2022
Occupancy Date 08/01/2022
Office | 6.28% CAP | 5,167 SqFt
Marketing description
Great income producing property zoned OC with a current CAP Rate of 6.28%. This is a TRUE NNN Lease! Current lease includes a 3% annual rent increase and also includes (2) optional 5yr extensions, each at a market rent rate determined at the time of renewal. The current Tenant acts as the property manager. If you are looking for an office building to occupy as an owner/operator, the Tenant is willing to terminate the lease and relocate. Excellent frontage to Southern Ave.
Do not disturb the current tenant.
Investment highlights
TRUE NNN Lease!
Listing Contacts
Listed by American Realty Brokers
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$87,789.00
$7,315.75/mo
Valuation Metrics
0
DSCR
6.28%
Cap Rate
6.28%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
