INVESTMENT SALE OF LEASED OFFICE REAL ESTATE (single tenant). The current owner is willing to do a Sale & Lease-back for a minimum 10 year lease term, with net rent beginning at approx. $19.00 psf and escalating every 2 yrs over the lease term to approx. $22.50 psf. Additonally, Tenant to pay all operating costs and taxes. Tenant to also pay annual parking rent of approx $17,000-$20,600 for u/g and surface parking (total 17 stalls). Estimated average annual net income $184,144. Ten year average capitalization rate 8.01% (unleveraged). Lease may be structured to satisfaction of both parties. Tenant is a well-established growth company with enviable reputation in its business sector. Outstanding long term 'buy and hold', 'care-free' investment with growing & predictable returns. Confidentiality Agreement will need to be signed by prospective purchasers. Call for appointment to meet the CEO and view the space during business hours.
For more information about this property, please feel free to contact Ed Dorosz at (403) 232-4316.
