PRICE : | $8,275,000 |
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CAP RATE: | 9% |
PROPERTY TYPE: | Office |
SITE SIZE: | 0.71 Acres |
BUILDING SIZE: | 85,783 SF |
YEAR BUILT: | 1971 |
Opportunity to acquire an 9% cap rate mostly government leased office building. The four-story buildings top 3 floors encompassing approximately 75% of the building are leased by high credit state government tenants. The location of the building one block from a major transit hub is perfect for the essential services provided by the tenants.