PLEASE SEE EXPLANATIONS ON CAP RATE AND POTENTIAL NOI BELOW. Total building size is approx. 58,500 SF: Breakdown 43,500 SF on ground floor (retail/warehouse/showroom space) and 15,000 SF on the second floor (office space). Out of the 43,500 SF there's a vacant space of 23,500 SF. Great potential for owner to occupy up to 23,500 SF. The rest is leased. Financing options up to 100% and current loan assumable if owner occupant (min. occupancy for owner occupant is 25% of the total size which comes to 14k-15k SF in this building. • Expenses: estimated to be approx. $255k per year. • Net Operating Income (NOI): current NOI is approx. $225k ($480k current gross income - $255k expenses) but with vacancy rented at $25 per sf gross plus utilities, it comes to $587,500, hence the NOI will be approx. $812,500 per year. Based on a sale price of $13M, POTENTIAL cap rate of 6.25%.