Listed by The North Shore Realty Group
$2,625,000
191 A Elm Street
Details
Property Type Office
Sub Type Creative Office, Medical Office
Square Footage 13,700
Net Rentable (SqFt) 4,087
Cap Rate 6.54%
NOI $171,800
Occupancy 73%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Class A
Zoning C
Parking Spaces 20 spaces
Parking Per SqFt 1.46
Investment Type Stabilized
Occupancy Date 11/01/2025
Ground Lease No
Office | 6.54% CAP | 13,700 SqFt
Marketing description
High Traffic - Plenty of Upside - 98% leased - All Professional Tenants - 20 Dedicated Parking with Additional Parking - Surrounded by Multiple Businesses as well as a Sports Club/Exercise Venue. Close to Rte. 95 & Rte. 495, New Hampshire Line, Beaches and Historic Newburyport.
Square feet per Public Record - Rented Space and Available Space Estimated, Not Measured
Investment highlights
Plenty of Upside - Only 73% leased - All Professional Tenants - 20 Dedicated Parking with Additional Parking - Surrounded by Multiple Business's as well as a Sports Club/Exercise Venue. Close to Rte. 95 & Rte. 495, New Hampshire Line, Beaches and Historic Newburyport.
Listing Contacts
Listed by The North Shore Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$171,800.00
$14,316.67/mo
Valuation Metrics
0
DSCR
6.54%
Cap Rate
6.54%
ROI
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