It is a freestanding office building investment. Description
The total floor area is 204 m².
The plot of 2,509 m².
The property is in an good overall condition, repair is not required.
The buiding is fully leased to major tenant.
Absolute income is 202,500 $.
The current yield of 4,8%.
Projected income (after the rent indexation in 2017) is 227,812 $.
The projected yield of 5,3%.
The anchor tenant is one of the major banking companeis, which assets are in the US banking compaines Top-10.
The company specializes in savings, credit cards and loans. The total number of banks is near 1,000.
NNN lease agreement is signed until 2027 with an extension options for 2x10 yeards and indexation of rental rate by 12,5% every 5 years.
All operating costs are borne by the tenant.
Location and nearby objects
The building is well situated on the main commercial street and is surrounded by a major national tenants such as Starbucks and T-Mobile.
NYC is within 50 km.