Description
The Trinity Office Bldg. is a very attractive multi-tenant office bldg.built in 2009. It's fully occupied with 5 separate tenants. Gross Scheduled Rents of $135588 / year (i.e. current rents of $11,299/ month). With 30% down + estimated 2% closing costs the Cash on Cash rate of return is projected to be 8.81% (i.e. a 3.9% interest rate & a 25-yr. amortization schedule with a 5 interest rate reset and a 10 year balloon). Price is a 7.03% Capitalization Rate. Beautiful 'Pride of Ownership' property located within 1 block from City Hall, in the middle of the City's newer professional office buildings area and 1 block from City's primary arterial, Robertson Boulevard. There is parking behind the building off of the alley and also the building has 9 designated parking spaces in the City owned Parking Lot across 4th St. from the office. Aso street parking in front of building on both Trinity Avenue and 4th Street.
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School Ratings & Info
Description
The Trinity Office Bldg. is a very attractive multi-tenant office bldg.built in 2009. It's fully occupied with 5 separate tenants. Gross Scheduled Rents of $135588 / year (i.e. current rents of $11,299/ month). With 30% down + estimated 2% closing costs the Cash on Cash rate of return is projected to be 8.81% (i.e. a 3.9% interest rate & a 25-yr. amortization schedule with a 5 interest rate reset and a 10 year balloon). Price is a 7.03% Capitalization Rate. Beautiful 'Pride of Ownership' property located within 1 block from City Hall, in the middle of the City's newer professional office buildings area and 1 block from City's primary arterial, Robertson Boulevard. There is parking behind the building off of the alley and also the building has 9 designated parking spaces in the City owned Parking Lot across 4th St. from the office. Aso street parking in front of building on both Trinity Avenue and 4th Street.
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