This is a stabilized little money maker. Great location, good to very good condition, excellent longer term tenant base with renewal options to be acceptable to ownership, several tenants are considerably under market, AND .... THERE ARE AT LEAST TWO VERY ATTRACTIVE PARTIAL DEVELOPMENT OPTION. Please see the attached Offering Memorandum to review Current, Proforma and Partial Development Option Value Outlines ... or contact Jim Walters for a PDF submission of the OM.
We believe Value 3 outlining a 3,360 SF single story addition is a "by right" Partial Development Option.
All leases are NNN with $4 CAM charges. Landlord pays only for water for 5 of the 6 existing tenants.
There are currently approximately 30 on premise parking spaces but could be up to 44 with additional black top installation.
SELLER WILL CONSIDER HOLDING A NOTE.
Asset is fully occupied but it is possible an Owner User could garner occupancy. To be discussed with interest in this area.
Buyer responsible for Buyer Agent fees.