Remarks

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.

Details

MLS#: 2522965
Price: $745,000

Style: Office

County: Clay
Tax Fee: 11057