Hinkins
Real Estate Analytics Inc. represented the Investor in the acquisition of this
NNN leased single tenant flex office building totaling 12,662 square feet on a
site of 1.2 acres. The property is leased to System 3, a strong regional
tenant.
Size: 12,662 SF Office Flex Building on 1.20 Acres (52,272 SF)
Lease Type: NNN, Single Tenant
Tenant: System 3
Sale Price: $1,670,000 ($131.89 psf)
Cap Rate: 8.71% (Yr. 1 NOI - $145,386, 5% annual increases)
Sale Date: 11/13/14