Catylist ID: #30639117
PRICE REDUCED: 9.25% Cap Rate–National Tenant
Office for Sale
|Catylist Listing ID:||30639117|
|Property Subtypes:||Institutional, Net Leased, Office Building|
|Building Size (RSF):||6,393 SF|
|Gross Building Area:||See Agent|
|Unit Price:||$234.63 PSF|
|Property Use Type:||Net Leased Investment (NNN), Investment|
|Class of Space:||Class A|
|Sale Terms:||Cash to Seller|
Overview / Comments
PRICE REDUCED 11/11/2020 to $1,500,000 from $1,575,000, offering 9.25% cap rate.
Gorgeous Exterior, and Class "A", Interior Build-Out, like new.
National CPA Firm, occupies 100% of the building, with a Corporate Guarantee on the lease. Pays $11,500.00 per month or $138,600.00 ( Net, Net, Net.).
36 month lease term, plus 2 options to renew for additional 5 years terms w/ 10% increase.
Building has 4 seperate bays, that are all wide open for the most part
7 hvac systems, and has 4 seperate meters.
Operating Expenses ALL PAID FOR BY LESSEE. LESSOR PAYS FOR NOTHING PERIOD.
Attachments & Media
|Tenant Business Name||CPA Firm|
|Industry Type||Finance and Insurance|
|Annual Revenue||$138,600 (Annual)|
|Current Rent||$11,550 PSF (Annual)|
|Options||Three (3) 5 Year options with 10% increase in monthly rent.|
|Tenant Notes||A True Net Lease, tenants pay for everything.|
|Nearest MSA:||New Orleans-Metairie|
|Property Located Between:||Greenleaves Subdivision|
|Highway Access:||Directly off US HWY 190|
|Proximity:||1 mile||3 miles||5 miles|
Garrett ShearmanGARDNER REALTORS Mandeville Mandeville, LA 70471
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