Listed by Renz & Renz Investment & Commercial Brokerage
$1,600,000
Multi-Tenant Office Building | Fully Leased Investment
Details
Property Type Office
Sub Type Traditional Office
Square Footage 5,889
Units 5
Cap Rate 3.99%
NOI $63,795
Occupancy 100%
Price per SqFt $272
Class C
Year Built 1986
Buildings 1
Stories 1
Acreage 0.370
Zoning C1
Parking Spaces 23 spaces
Parking per 1,000 SqFt 3.91
Office | 3.99% CAP | 5,889 SqFt
Marketing description
The property features multiple office suites in various sizes. Purchase includes an easement on the adjoining property for 4 additional parking spaces (23 total). Prime location on the corner of 1st St and Church St in vibrant and growing Gilroy California
Investment highlights
- Prime Location
- Excellent Tenant Mix
- Suites in Various Sizes
- Prime Exposure
- Below Market Rents
- Value Add Upside
- Stable Long-term Tenants
- Well Maintained
- Single Story
- On-site Parking
Listing Contacts
Listed by Renz & Renz Investment & Commercial Brokerage
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$63,795.00
$5,316.25/mo
Valuation Metrics
0
DSCR
3.99%
Cap Rate
3.99%
ROI
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