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Shopping Center 7% Cap at Current Occupancy and 11%+ Cap at 100% Occupancy. • Building Size: 13,035 rsf | Land Area: 1.21 ac • Year Built: 1984 • Current Occupancy: 65% • Maximum contiguous area 3,500 sf; smallest 1,000 sf • 55 Parking Spaces: Parking ratio 4/1,000 • $1,450,000 ($111.24 psf) • Proforma NOI: $148,563 | Proforma Cap Rate: 10.6%

For Sale

Price $1,450,000
Year Built 1984
Price/SF $111.24
Cap Rate 11% AT 100% OCC.  CURRENTLY 7% CAP RATE AT 65% OCCUPANCY
NOI $153,700
Sale Type Investment
Status Active
On Market 1 Day
Last Updated Jul 21, 2017
Update
NEED ADDRESS???? – SIGN commission protection agreement

Building

Type 2 Star Office
RBA 13,035 SF
Stories 1
Typical Floor 13,035 SF
Class C
Construction Steel
Building Ht15′
Year Built 1984
TenancyMulti
Owner Occup –
Elevators None
Parking 55 free Surface Spaces are available; Ratio of 4.00/1,000 SF
Taxes $1.09/SF (2016)
Walk Score®Somewhat Walkable (60)
Transit Score®Minimal Transit (0)

Land

Land Acres 1.20 AC
Bldg FAR 0.25
Land SF5 2,272 SF
Zoning None
Current
YOY Change

Vacancy Rates

Current Building
34.5%
34.5%
Submarket 1-3 Star
10.9%
1.2%
Market Overall
15.9%
1.4%

Gross Asking Rents Per SF

Submarket 1-3 Star
$20.89
2.5%
Market Overall
$27.53
0.5%

Submarket Leasing Activity

12 Mo. Leased SF
329,539
27.4%
Months on Market
13.2
9.0 mo

Submarket Sales Activity

Current
Prev Year
12 Mo. Sales Volume (Mil.)
$22.7
$11.5
12 Mo. Price Per SF
$217
$117
Smallest Space800 SF
Max Contiguous3,500 SF
# of Spaces2
Retail Avail4,500 SF
Vacant4,500 SF
% Leased65.5%
Asking Rent$12.00/SF Triple Net

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