Listed by AG Commercial Real Estate
$495,000
Sparta
Details
Property Type Office, Retail
Sub Type Traditional Office
Square Footage 10,600
Net Rentable (SqFt) 10,319
Cap Rate 8.48%
NOI $42,000
Occupancy 83%
Tenancy Multi
Lease Type NNN
Lease Term 10
Lease Expiration 08/30/2035
Remaining Term 9.2
Price per SqFt $47
Class B
Lease Commencement 09/01/2025
Office | 8.48% CAP | 10,600 SqFt
Marketing description
This is a an 83% occupied retail/office building. The leases have 1 to 9 years remaining, two of the leases are NNN and one only pays utilities. Four tenants occupy 7 suites with one vacant 1,800 SF suite.
Listing Contacts
Listed by AG Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$42,000.00
$3,500.00/mo
Valuation Metrics
0
DSCR
8.48%
Cap Rate
8.48%
ROI
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