Opportunity to purchase commercial income producing property. Current tenant has a lease till 2028 so enjoy the benefit of a investment that cash flows from day one! Very long term law office leasing 100% of the building. Good market rents and very little maintenance for the Landlord - Business Owners Association handles most of the ongoing maintenance for parking lot, sidewalks, lawn, snow removal etc. CAP Rate at 9.7% with seasoned P&L for new owner. Updates to interior include flooring, painting, remodeling of offices and conference room in 2024.
Property Features
Parking
Common
Paved
Based on information submitted to the MLS GRID as of 2025-01-31 12:14:42. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-01-31 12:14:42
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