Listed by One South Commercial
$5,200,000
Clay Suites - Investment Sale
Details
APN N000-1712-003
Property Type Office
Sub Type Traditional Office, Executive Office
Square Footage 14,039
Units 30
Cap Rate 7.20%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Class A
Year Built 1969
Year Renovated 2020
Buildings 1
Acreage 0.400
Zoning M-1
Parking Spaces 30 spaces
Parking Per SqFt 2.14
Investment Type Stabilized
Fully Leased Creative Office in Scotts Addition
Marketing description
One South Commercial is pleased to present for sale the office building located at 3117 West Clay Street. Take advantage of this incredible opportunity to buy a cash flowing asset at an attractive cap rate in the heart of Scotts Addition. Current ownership renovated the property in 2020 and has been fully occupied with a stable tenant base ever since. All leases are NNN protecting the new owner from increased cost or tax assessments. Rents are arguably below market for this location with excellent parking. Opportunities like this don't come around often.
Investment highlights
- 7.2 Cap Rate on In-place NOI
- 30 Parking Spaces
- Excellent Tenant Mix
- Beautiful Renovation
Listing Contacts
Listed by One South Commercial
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