Sale Information

Asking Price: $1,100,000

Building Size: 14,745 SQ FT

Lot Size: 47004

Cost per Square Foot: $74.60

Property Overview

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.

Built: 1984

Occupancy: 63%

Property Details

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%

Broker Information

DataVest, Inc.
Bruce Marshall

5343 Spring Valley Road
Dallas, Texas 75254
United States