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 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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