Asking Price: $1,100,000
Building Size: 14,745 SQ FT
Lot Size: 47004
Cost per Square Foot: $74.60
Multi-Tenant Office well suited for Owner-User purchase with 5,436 square feet of current For Lease space. As an Owner-User effective rental rate represents $3.90 per square foot and the sale would require an equity position of $132,000 assuming a 90% SBA Loan. The Sales Price $69.82 per square foot. Estimated Reproduction cost would be @ $125.00 per square foot on this all brick building. The property serves a corporate headquarters for Point of View Ministries, a National Radio Ministry started 40 years ago.
Key Points: Strategically Located Owner-User Purchase Opportunity with existing 63% Occupancy Equity Requirment $400,000 or if SBA Financed $132,000 10 Year IRR @ 28.55%