Great office building investment opportunity!! With an above market cap rate of 7+% this beautiful mid-century modern architecture office building has great upside-potential. This extremely high traffic location on a busy street boasts approximately 65,000+ cars passing a day. Near Interstate 80 and Cap City Freeway as well as other local businesses and public transportation. This property is approximately 95% occupied with close to $7,300 monthly rental income, and a NOI of approx $68,000 a year. Over $100,000 recently invested in a new HVAC, new roof, upgraded lighting and repaved parking lot. Building size +/- 7,859 sq ft. Lot Size +/- 14,375 Sq ft. Act now!
Listing courtesy of Coldwell Banker Residential Brokerage.
All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2019 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .