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