The Reel

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Built in 1998, this is a two story commercial building with three tenants and a 70 space indoor gated parking facility. The building is anchored by the United States Government Social Security Office. This investment represents a tremendous investment opportunity with strong in-place cash flow and a AAA credit rated tenant.

There is currently an assumable $4.2 million dollar loan at 6.25% with a 5 year term which expires February 2014. There is a five year option to renew; the 1st year is interest only and the next 4 years are based on a 30 year amortization schedule. There is a 1% fee to assume which would be paid by the buyer.

Click here for listing details.

Neighborhoods: Mount Hope