
Description
MLS# 278420 FULLY LEASED 35,000 SF " Multi-tenant building in North Richland on deeded ground, comprising of extensively remodeled (circa 2020) office and high bay space with two at grade 14 x16 roll up doors. Zoning is Business Research Park (BRP). Modified Gross leases, Tenants pay power. 2023 Actual Cap Rate 8.0%, Pro-Forma Cap Rate 7.1% (includes a vacancy factor and management fee).
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0BEDS
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1.88ACRES
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0BATHS
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01/2 BATHS
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35,000SQFT
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$170$/SQFT
School Ratings & Info
Description
MLS# 278420 FULLY LEASED 35,000 SF " Multi-tenant building in North Richland on deeded ground, comprising of extensively remodeled (circa 2020) office and high bay space with two at grade 14 x16 roll up doors. Zoning is Business Research Park (BRP). Modified Gross leases, Tenants pay power. 2023 Actual Cap Rate 8.0%, Pro-Forma Cap Rate 7.1% (includes a vacancy factor and management fee).
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