Description
INVESTMENT OPPORTUNITY - 5.2% Cap Rate - Purchase 2 professional office suites occupied by US Healthcare. 3 years remaining on existing lease term with 2 (TWO) 5 year renewal options, terms to be negotiated at time of renewal in 2025. Tenant covers CAM, Real Estate Taxes, Insurance and Utilities. NOI 2022 $30,996 or 5.2% Cap Rate. $1 per year rent escalations on initial term. Highlights:Suite D (1,781 SF) 2021 Taxes: $3410.62Suite E-1 (1,037 SF) 2021 Taxes: $2027.922022 Lease Terms: $11 PSF BASE + $4.64 NNN + Utilities paid by TenantZoning: PUDNew flooring/paint in 2020YEAR 3 NOI $30,996 (5.2% CAP RATE)YEAR 4 NOI $33,816 (5.6% CAP RATE)YEAR 5 NOI $36,636 (6.15% CAP RATE)
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0BEDS
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0.88ACRES
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0BATHS
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01/2 BATHS
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2,818SQFT
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$211$/SQFT
School Ratings & Info
Description
INVESTMENT OPPORTUNITY - 5.2% Cap Rate - Purchase 2 professional office suites occupied by US Healthcare. 3 years remaining on existing lease term with 2 (TWO) 5 year renewal options, terms to be negotiated at time of renewal in 2025. Tenant covers CAM, Real Estate Taxes, Insurance and Utilities. NOI 2022 $30,996 or 5.2% Cap Rate. $1 per year rent escalations on initial term. Highlights:Suite D (1,781 SF) 2021 Taxes: $3410.62Suite E-1 (1,037 SF) 2021 Taxes: $2027.922022 Lease Terms: $11 PSF BASE + $4.64 NNN + Utilities paid by TenantZoning: PUDNew flooring/paint in 2020YEAR 3 NOI $30,996 (5.2% CAP RATE)YEAR 4 NOI $33,816 (5.6% CAP RATE)YEAR 5 NOI $36,636 (6.15% CAP RATE)