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Property Overview
Price/Rent PSF $ 589,500.00
Asset Type Office
Trade Type Sale & Lease
SQ. FT. Available 6,588
Date Available 10/16/2018
Additional URL Link
Floors 2
Additional parameters Show
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Description

Location
Prime corner location on Hwy 190 in Covington. Near all major commercial with 50k+ cars per day. 100 x 200 lot

Sale
High visibility office building on the corner of Hwy 190 and 10th Street. Buyer can occupy up to 3575 SF and lease the remaining suites for income. 5 suites totaling 6588 SF. Reserved covered parking for each suite plus customer parking in front. Convenient to I-12 and downtown Covington. Owner will owner finance with 20% down and 5% interest rate on a 20 year amortization with 10 year balloon - $3,112 per month. See attached brochure for other terms of sale.

Actual and proforma income: $67,760
Expenses: $16,074
NOI: $51,686



Lease
High visibility office building on the corner of Hwy 190 and 10th Street. 4 suites available from 750 SF to 3575 SF. Very affordable office space with Hwy 190 frontage. Reserved covered parking for each suite plus customer parking in front. Convenient to I-12 and downtown Covington. Also for sale through owner financing with 20% down and 5% interest rate on a 20 year amortization with 10 year balloon - $3,112 per month. See attached brochure for other terms of sale.

Location

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