Description
Existing NOI is $245K, with potential to raise to $700K. Asking price is just $82.51 PER SQUARE FOOT, when using $350 per sf for land value. Upgrades to the lobby and common areas have been undertaken in 2020. Entire 4th floor (7,200sf) is converted to popular new flex-offices which are being leased at premium rates. Next door office building is being converted into a 500+ apartment.
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0BEDS
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0.18ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Existing NOI is $245K, with potential to raise to $700K. Asking price is just $82.51 PER SQUARE FOOT, when using $350 per sf for land value. Upgrades to the lobby and common areas have been undertaken in 2020. Entire 4th floor (7,200sf) is converted to popular new flex-offices which are being leased at premium rates. Next door office building is being converted into a 500+ apartment.
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