1735 E. Military Avenue

Office for Sale
Sale Pending
Catylist Listing ID: 30730311
Property Subtypes: Office Building
Status: Pending
Building Size (RSF): 6,220 SF
Gross Land Area: 41,065 SF
Sale Price: $450,000
Unit Price: $72.35 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 6.82%
Last Updated: 6/1/2021

Overview / Comments

Great location with Long-Term tenants. Two Suburban Commercial parcels located across from Fremont YMCA and Heedum Field. Buildings include 2 large front suites, 4 smaller suites in the back along with additional land to the South. Base on annual gross revenues of $43,800 and current taxes/insurance costs, the following is calculated: ROI 13.59%, Cap Rate 6.82%, Cash on Cast 4.52% (see attached for assumptions). Potential for redevelopment or investment holding. Very flexible office space and land. Driveway access to both Military Avenue and Clarmar Avenue. Contact Jennifer Bixby with Don Peterson & Associates at 402-719-4631 or jennifer@donpeterson.com

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $8,604 (Annual)
Assessed Value - Total($) $520,605 (Annual)
Potential Rental Income $52,800 (Annual)
Gross Operating Income $43,800 (Annual)
Net Operating Income $30,695 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Fremont
County: Dodge
Tax ID/APN: 270050344 & 270050351
Zoning: SUBURBAN COMMERCIAL
Property Visibility: Good
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1955
Parking Type: Surface
Total Parking Spaces: 20
Sprinklers: None
Heat Type: Natural Gas
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities
Legal Description: Parkside Lot 4 & Parkside Lot 5, N 82.6'&W100' EXC S125' & EXC N82.6" Lot 7 & EXC W122.7' 7 ESC S125' & EXC N82.6' Lot 7

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,634 27,575 30,299
Median Age: 39.94 39.24 39.91
Households: 5,090 11,286 12,397
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