Property Type:
Comm Sale or Lease
Baths:
10
Square Footage:
17,804
Lot Size (sq. ft.):
47,044
Status:
Closed
Current Price:
$1,550,000
List Date:
12/11/2020
Last Modified:
8/01/2022
Overview
Description
Incredibly restored former Peanut Mill, now a 5 story office building 17,804 sq ft gem of a property w/7.8% cap rate. Fully leased to a gym on the bottom floor and an accounting firm leases floors 2-5. LL pays taxes and insurance of $27,429.65 tenants pay $163,698/yr in 2021 (NOI $136,268.35) and lease rate adjusts upward only with CPI every January. Incredible architecture, built in 1909 restored 2004-2005. 45 parking spaces, 2 handicapped, natural gas generator, handicapped accessible, working elevator. Tenants pay for all maintenance including HVAC. See more details below in Remarks., Property is for rent, Rail Available, est Taxes 19768.60, Neighborhood - E Church St Hwy 32 E of downtown, Current Lease Toning Mill & Sykes & Company, Annual Income is 163698.00
Last Updated: August - 01 - 2022
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