Property Highlights
- 10 YEAR DOUBLE NET LEASE WITH OVER 7.5 YEARS REMAINING AND TWO 5 YEAR OPTIONS TO EXTEND
- 10% RENT INCREASE IN 2023 AND IN EACH OPTION PERIOD
- OFFERED AT AN ATTRACTIVE 8% CAP RATE AND ONLY $19 PER SQUARE FOOT, WELL BELOW REPLACEMENT COST
- SIGNIFICANT VALUE ADD OPPORTUNITY THROUGH LEASING THE SINGLE VACANT SPACE
- Price: $928,000
- Cap Rate: 8.00%
- Year Built: 1979/2018
- Building SF: 47,941
- Status: Sold
- Guarantor: Corporate