Listed by Cushman & Wakefield Thalhimer - Newport News, Virginia
$171,000
291 McLaws Circle, Suite 2
Details
Property Type Office
Square Footage 1,136
Net Rentable (SqFt) 1,136
Cap Rate 6.97%
NOI $11,912
Tenancy Single
Price per SqFt $150
Class B
Year Built 2000
Zoning M1 - Commercial
Investment Type Net Lease
Ownership fee simple
Office | 6.97% CAP | 1,136 SqFt
Marketing description
Elegant office condominium with functional floor plan featuring glass paneled interior walls and good availability of parking. Adjacent to Kingsmill, a luxurious residential and signature golf course. Strategically located with great access to I-64 and the Newport News submarket. Adjacent to the new Riverside Doctors Hospital. Hotels, dining and entertainment within close proximity to site.
Seller to lease back at $1,500 per month (plus paying utilities and janitorial). Buyer pays Real Estate Taxes, Condo Dues and HVAC repairs/replacement.
Investment highlights
- Sale Price: $171,000 ($150/SF)
- 1,136 RSF
- Seller to lease back at $1,500 per month (plus paying utilities and janitorial)
- Buyer pays Real Estate Taxes, Condo Dues and HVAC repairs/replacement
- Estimated NOI: $11,912
- CAP Rate: 6.97%
- Built in 2000
- Elegant office with functional floor plan
- Glass paneled interior walls
- Good availability of parking
- Adjacent to Kingsmill, a luxurious residential and signature golf course
- Strategically located with great access to I-64 and the Newport News submarket
- Adjacent to the new Riverside Doctors Hospital
- Hotels, dining and entertainment within close proximity to site
Listing Contacts
Listed by Cushman & Wakefield Thalhimer - Newport News, Virginia
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$11,912.00
$992.67/mo
Valuation Metrics
0
DSCR
6.97%
Cap Rate
6.97%
ROI
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