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Rented retail space returning 11%

  • Sales price: $ 537,256
  • CAP Rate %: 11
  • Property Size (M2): 277
  • Sales price per sq meter: $ 1940
  • Listing Type: Income Producing Properties
  • CRC Professional: John Hepner
  • Listing No: 403021
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Commercial Property Summary

Listing Overview: This investment property currently generates monthly revenue of $4925 or $59,000 annually and is being offered for sale at an 11% gross cap rate. The tenant is in the middle of a 12 year rental contract with a 3% annual increase. If the lease is not renewed, the contract will expire in May 2015.
Municipality: San Jose
Construction Area (M2): 277
Property Size (M2): 277
Construction Status: Complete
# of Parking Spaces: Unlimited
# of Loading Docks: 0
# of Offices: 0
# of Workspaces: 0
# of Conference: 0
# of Bathrooms: 0

Site Detail

Property Visibility: Low
Visible Signage: No
Highway(s) Access: Under 500meters

Financing

Financing Options: We can generally arrange 50% LTV, 2 Yr bridge financing in lieu of seller financing or as a means to close rapidly, while arranging long term bank financing.

Buildings and Construction

Construction Overview: Block construction.

Parking

Parking Visitors: 0
Number Uncovered Spaces: 0
Number Covered Spaces: 0
Total Spaces: 0

Utilities and Services

Electric on Property
  • Yes

Electric Provider: CNFL
Electric Meters
  • Yes

Back Up Generators: No
Water Source: Well
Master Water Meters
  • Yes

Phone Lines Installed
  • Yes

Internet
  • Yes

Sewage: No Sewage

"The information listed above has been obtained from sources we believe to be reliable, however, we do not warrant its accuracy."
 
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