Executive Suites

Highlights

Description

100% Leased, 6.31% Cap Rate Office Building! Gross income is $134,000. Still room to raise rents and lower expenses such as reducing the tax assessment and reducing overhead. This property has potential to grow to $145k in gross income, and over $105,000 in net income in the next 9 months. The property has a brand new roof, concrete parking lot and mostly brick exterior. There is plenty of parking and only about 1 mile from the highway making this an attractive office location for tenants. At this price of $193 PSF, it would be difficult to replace this building with today's construction costs. Avg days to rent a space in this building is only 59 days. This versatile building includes three restrooms, a welcoming reception area, a break room, ample storage, and abundant parking for tenants and visitors. The all-brick exterior and professionally landscaped grounds create a professional and inviting atmosphere. Located on W Huntsville Ave, which sees approx. 23K VPD and approx. 1 mile from I-49, which sees around 105K VPD. Don't miss out on this exceptional investment opportunity!

Prime office space available approx. 1 mile from I-49 in Springdale! First-floor suites offering easy access to 2 shared restrooms and a common break room, making it convenient for employees and clients. Second-floor suites provide secluded privacy and an abundance of natural light paired with a great view. The property provides ample parking for both staff and visitors. Offered under a gross lease, tenants are responsible for only internet and phone, with Cox Fiber available for approx. $60/mo. Situated off W Huntsville Ave, which sees around 23,000 VPD, this location is also approx. 1 mile from I49, with traffic counts of approx. 105,000 VPD, ensuring excellent visibility and accessibility. Don't miss this prime office space opportunity!

Heading S on I-49, take Ext 73 for Elm Springs Rd. Turn Left onto Elm Springs Rd. In approx. 1 mile the property will be on the left.

Documents

Units for Lease