Please dont disturb any tenants - Tenants are not aware of possibility of sale. Can be sold together with 1215 williams way for $2.9M. Individual price being 1.5M for 1235 and for 1215 williams - both buildings layout identical except 1215 has pool, but 1235 has 6 out of 14 new leases so current rents are higher. Please make an offer subject to inspection after asking for rent roll and projected/current financials from listing agent. Current rent about 157K/year for 1235 building as it went through higher turns, current NOI being at 6.14% cap rate counting both buildings rent and expense, market rent being $175K/year for 1235 and market cap rate being 7.3% if considering market to be only highest rents already achieved and >8.25% if really upgraded. Right across the medical facility the fountains - great neighborhood.
|--||New Value: $1,500,000|
|3/9/2020 10:15:00 PM|