Listed by SVN Rankin Company, LLC
$3,475,500
7.25% CAP CLASS A OFFICE & RETAIL INVESTMENT
Details
Property Type Retail, Office
Sub Type Storefront, Shopping Center
Square Footage 20,883
Cap Rate 7.25%
NOI $251,904
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $166
Class A
Year Built 2021
Buildings 2
Zoning Highway Commercial (HC)
Investment Type Stabilized
Retail | 7.25% CAP | 20,883 SqFt
Marketing description
Now a 7.25% CAP. Thank you for viewing this prime opportunity to own this 100% Leased Class A Office & Retail Investment now available for sale in south Springfield located at 1507-1727 E Lark Street. This Turn-Key Investment features a total of 20,883 SF across two buildings with a total of four tenants, each on a long-term, NNN lease. For additional information, please contact the listing agent. Thank you!
Investment highlights
OFFERING SUMMARY
- SALE PRICE: $3,475,500
- PRICE PER FOOT: $166.40/SF
- NOI: $251,903.72
- CAP RATE: 7.25% CAP
- TOTAL BUILDING(S) SIZE: 20,883 SF
- NUMBER OF TENANTS: Four
- ZONING: Highway Commercial (HC)
- YEAR BUILT: 2021 & 1998
Listing Contacts
Listed by SVN Rankin Company, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$251,903.72
$20,991.98/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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