3721 W 13th St - Office/Retail Building - 8.0% Cap Rate

Office for Sale
Catylist Listing ID: 30360260
Property Subtypes: Medical, Mixed Use, Flex Space, Net Leased, Office Building
Building Size (RSF): 11,400 SF
Gross Land Area: 1.09 Acres
Sale Price: $1,567,500
Unit Price: $137.50 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Hidden Meadows
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 3/5/2019

Overview / Comments

Perfect for an investor or owner operator! The building currently has 3 bays consisting of 11,400 SF on the highly desirable W 13th Street.

Tenant Info:
-Anytime Fitness - 6,600 SF - $9.55/SF Base Rent - Lease Expires May 31st, 2024 - Tenant since 2016
-Children's Dental Clinic, P.C. - 2,400 SF - $14.00/SF Base Rent - Lease Expires April 30th, 2022 - Tenant since 2011
-Former Helix Financial Office - 2,400 SF - $12.00/SF Base Rent - Seller will provide a 1-year master lease if investor desires
-Current NNNs are $2.86/SF.

Call or text Sam Heineman at 402-880-4864 for more details. Agent does have an equity ownership interest in the property.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $18,854 (Annual)

Additional Details

Nearest MSA: Grand Island
County: Hall
Tax ID/APN: 400411997
Zoning: RESIDENTIAL OFFICE
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 11,400 SF
Year Built: 2006
Parking Type: Surface
Total Parking Spaces: 50
Zoning Description: Residential Office

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,315 40,070 50,089
Median Age: 39.35 36.29 35.91
Households: 2,603 15,358 18,912

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