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Investment Property for Sale

Listing was updated on: 08/06/2019
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Property Overview

Price/Rent PSF $ 5,950,000.00
Asset Type Office
Trade Type Sale
SQ. FT. Available 30,320
Date Available 08/06/2019
Additional URL Link
Floors 1
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Description

Location
Ideal location blocks from Hwy 16 access. This building is 100% occupied in an area enjoying annual population growth of nearly twice the rate of the national average. Vacancy rates for this sub-market are less than 4%, creating significant demand for existing office buildings. Median household income is around $72,000, roughly 15% higher than the national median.

Sale
Keller Williams Commercial is pleased to offer the building at 4710 Auto Center BLVD for sale. This investment opportunity is priced at $5,950,000 representing a 6.75% capitalization rate based upon the existing lease in place.

The structure is a quality built office building consisting of 30,320 rentable square feet on a 4.63 acre parcel. This property enjoys a 100% occupancy with the existing lease in place for several years. Excellent credit tenant provides consistent revenues over the long term. The building and premises are professionally managed to keep the property in first class condition.

Location

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