Property details

Annual Increases, Southwest Region

Additional Loan Info

no loan

Property Description

Easy access to two highways. Long term tenant (over 17 years).

Last maintenance to the roof was 2 years ago and $2,000. Very small $ amount but is in the lease.

This is a renewal on past lease terms and there is reportedly no chance for a longer term lease.

Privately held company.

About the Tenant

Images

Request property package

Highlights

Status:
Available
Price:
$850,000
PSF:
$96
Cap Rate:
7.39%
Annual Rent:
$62,820
Rent Increases:
3% annual escalators
 

Property Information

Building Size:
8,860 sq.ft.
Property Type:
Net Lease
Industry Type:
Commercial
Units/Spaces:
1
Land Area:
1.30 acres
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
Inquire
Lease Type:
NN
Lease Commencement:
5/15/2007
Lease Expiration:
5/4/2012
Lease Term:
5 years
Years Remaining:
3 years
Landlord Responsibilities:
roof maintenance (metal roof)
Options:
no
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.