Description
PRICE REDUCED ! 7,262 square foot value-add multi-tenant office complex for sale in the heart of the Brunswick Basin. Lot size is .88 acres. This sweet spot is in the path of growth. Long history of stable tenants, Zoned OP, high speed internet. Two units ready for remodel, for up to an additional 2,000 sf may be added and still meet parking ratios. Highly rentable, small office units ranging from 250-800 square feet High visibility off of Brunswick Road Good for owner user, cash flowing investment, and/or redevelopment Rents and occupancy are below market 5.5% cap rate at 80% occupied Proforma 9% cap rate after bringing rents to market and renting the vacancy DO NOT CONTACT TENANTS. TENANT UNITS WILL BE AVAILABLE UPON AN ACCEPTED PURCHASE AND SALE AGREEMENT. Listing Broker is also part owner of Property. Pest inspection complete and copy available, ownership will provide Sec. 1 clearance.
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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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7,262SQFT
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$137$/SQFT
School Ratings & Info
Description
PRICE REDUCED ! 7,262 square foot value-add multi-tenant office complex for sale in the heart of the Brunswick Basin. Lot size is .88 acres. This sweet spot is in the path of growth. Long history of stable tenants, Zoned OP, high speed internet. Two units ready for remodel, for up to an additional 2,000 sf may be added and still meet parking ratios. Highly rentable, small office units ranging from 250-800 square feet High visibility off of Brunswick Road Good for owner user, cash flowing investment, and/or redevelopment Rents and occupancy are below market 5.5% cap rate at 80% occupied Proforma 9% cap rate after bringing rents to market and renting the vacancy DO NOT CONTACT TENANTS. TENANT UNITS WILL BE AVAILABLE UPON AN ACCEPTED PURCHASE AND SALE AGREEMENT. Listing Broker is also part owner of Property. Pest inspection complete and copy available, ownership will provide Sec. 1 clearance.
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