Listed by The Holden Agency
$129,900
227-229 E Harding Way
Details
APN 190022420000, 19002070000
Property Type Office, Retail
Sub Type Traditional Office, Restaurant
Square Footage 4,776
Units 8
Cap Rate 12.32%
NOI $16,000
Occupancy 100%
Tenancy Single
Lease Term 5
Lease Expiration 06/30/2029
Remaining Term 3
Rent Bumps Yes
Price per SqFt $29
Class C
Year Built 1881
Stories 3
Acreage 0.210
Zoning Commercial, Retail
Parking Spaces 8 per unit
Investment Type Net Lease
Ground Lease No
Ceiling Height 12
Office | 12.32% CAP | 4,776 SqFt
Marketing description
Beautiful downtown Galion Building featuring many upgrades done in the last few years including a rubber roof 8 or so years ago. Current tenant has about 4 years left on lease with an increase built in each year. Lease and income records can be viewed with acceptable offer. Tenant owns buisiness.
Investment highlights
- Beautiful downtown Galion Building featuring many upgrades done in the last few years including a rubber roof 8 or so years ago
- Current tenant has about 4 years left on lease with an increase built in each year
- Lease and income records can be viewed with acceptable offer
- Tenant owns buisiness
Listing Contacts
Listed by The Holden Agency
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$16,000.00
$1,333.33/mo
Valuation Metrics
0
DSCR
12.32%
Cap Rate
12.32%
ROI
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