Property details

Business Park Office Building, Great Lakes - Big Rivers Region

Additional Remarks

This park is selling out fast. Covenants and Restrictions insure long-term value
Building can be divided into 2 tenancies
2 Private Entrances in front, and 2 in Rear
2 200-amp Electrical Services
2 ADA Unisex Bathrooms
Workout Room with shower and direct access to bathroom
Sound System throughout offices in entire building: connects to music and/or intercom, and each office has separate volume control
Broadband hook-ups in all offices, conference room and reception
Equipment Room houses Network Server and state-of-the-art Phone System
Cable TV hook-up
Kitchen
Generous sized Storage and/or Executive Garage at rear of building, 8’ high x 10’ wide overhead door with keypad entry, floor drain and is heated/cooled.
3 Gas Forced Air Furnaces with separate controls
Exterior Mounted Sign area at entrance with brick head posts
Building mounted rear Yard Lights
32 delineated Parking Spaces including Handicap Parking on generous paved area front, side and rear
Room on site for Building Expansion
Some office furnishings available for purchase
Minimum Lease Period: 60 months
2005 Real Estate Tax: $8,098.45
Average Monthly Utilities: Water, Sewer . . . . .$119.64
Electric . . . . . Suite 1: $227.49 Suite 2: $38.00
Gas . . . . . . . . . $107.97

Property Description

Can be divided into 2 tenancies.
13 Offices, Reception, Conference Room, Workout Room with shower, Copy/Mail Center, Kitchen and Garage/Storage area with Overhead door, ADA compliant
Zoned C-2 in Universal Business Park: protected by Covenants

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Highlights

Status:
Available
Price:
$664,000
PSF:
$138
Cap Rate:
6.50%
Annual Rent:
$43,200
Rent Increases:
None
 

Property Information

Building Size:
4,800 sq.ft.
Property Type:
Office
Industry Type:
Office
Units/Spaces:
2
Year Built:
1998
Land Area:
1.06 acres
Purchase Tenure:
Fee Simple
 

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.