Description
10,000 SF of commercial property located in the upcoming Little River neighborhood. Situated on a beautiful corner lot of 17,000 SF zoned T6-8-0 with building rights of up to 14 floors. Property completely leased out at an average $38/SF NNN agreements with potential upside in rent prices up to $45/SF NNN. Proforma Net operating income (NOI) $374k a year (5% CAP). Diversified and dynamic mix of tenants including a bakery, office, medspa, gallery, fitness center, and retail. Property is within Opportunity Zone. Over $2.5Million equity in renovation and development invested in the project. Modern design with 24 ft ceilings, private garden, and adjacent parking lot with 19 spots. Near the Citadel food market, shops, galleries, and many new trendy restaurants.
School Ratings & Info
Description
10,000 SF of commercial property located in the upcoming Little River neighborhood. Situated on a beautiful corner lot of 17,000 SF zoned T6-8-0 with building rights of up to 14 floors. Property completely leased out at an average $38/SF NNN agreements with potential upside in rent prices up to $45/SF NNN. Proforma Net operating income (NOI) $374k a year (5% CAP). Diversified and dynamic mix of tenants including a bakery, office, medspa, gallery, fitness center, and retail. Property is within Opportunity Zone. Over $2.5Million equity in renovation and development invested in the project. Modern design with 24 ft ceilings, private garden, and adjacent parking lot with 19 spots. Near the Citadel food market, shops, galleries, and many new trendy restaurants.
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