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
Images
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.