Property details

Off Market High Cap Rate Suburban Office, Northeast Region

Property Description

Off Market High Cap Rate Suburban Office

For Quality Investors Only

High Cap Rate

Corporate Park

Class A

220,000+ SF rentable area

Located adjacent to a major Interstate Highway

Provides tenants with excellent commuter access.

Beautifully appointed center atrium lobby.

Built in 1987 and renovated in 2013

Located on 10+ acres

Over 625 parking spaces

97% Occupancy

High credit tenancy accounts for 74% of total revenue

Average lease term is 5 years

In place NOI is approx. $3.45M



Office Buildings For Sale



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Highlights

Status:
Available
Price:
$44,000,000
PSF:
$200
Cap Rate:
8.63%
Annual Rent:
$3,450,000
 

Property Information

Building Size:
220,000 sq.ft.
Property Type:
Office
Industry Type:
Office
Units/Spaces:
1
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.