Listed by Pilot Property Group
$775,000
3297 Five Points Drive
Details
Property Type Office
Sub Type Medical Office
Square Footage 2,400
Net Rentable (SqFt) 2,400
Units 18
Cap Rate 7.74%
NOI $60,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Rent Bumps Yes
Lease Options Tenant has two (2) five (5) year renewal options at Fair Market Value, but not to exceed $.50 annual increases
Year Built 2003
Buildings 1
Stories 1
Acreage 0.650
Zoning O-1
Parking Spaces 18 spaces
Parking Per SqFt 7.50
Investment Type Sale/Leaseback
Office | 7.74% CAP | 2,400 SqFt
Marketing description
- Free Standing Building.
- Premier Location.
- $.50 Annual Increases
- Tenant has two (2) five (5) year renewal options at Fair Market Value
- Landlord responsible for roof, outer walls, and parking lot
- Tenant responsible to maintain HVAC units and repairs up to $2,500 annually
Investment highlights
- Free Standing Building.
- Premier Location.
- $.50 Annual Increases
- Tenant has two (2) five (5) year renewal options at Fair Market Value
- Landlord responsible for roof, outer walls, and parking lot
- Tenant responsible to maintain HVAC units and repairs up to $2,500 annually
Listing Contacts
Listed by Pilot Property Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,000.00
$5,000.00/mo
Valuation Metrics
0
DSCR
7.74%
Cap Rate
7.74%
ROI
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