Description
Appx 4,050 SF office building located on 1.59+/- Acres. Great investment property with a quality tenant. Older office building maintained by BellSouth Telecommunications and in good condition. New five year extension just signed, starting July 2021. Annual rent of $32,287, with a 2.5% yearly rent increase over the term of the lease. CAP Rate: 11.3%. Fenced. Ample parking. Asking Price: $285,000.
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0BEDS
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1.59ACRES
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0BATHS
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01/2 BATHS
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4,050SQFT
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$70$/SQFT
School Ratings & Info
Description
Appx 4,050 SF office building located on 1.59+/- Acres. Great investment property with a quality tenant. Older office building maintained by BellSouth Telecommunications and in good condition. New five year extension just signed, starting July 2021. Annual rent of $32,287, with a 2.5% yearly rent increase over the term of the lease. CAP Rate: 11.3%. Fenced. Ample parking. Asking Price: $285,000.
© 2021 Golden Isles Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Coastal Georgia Living | Engel & Völkers Golden Isles. Data last updated: 2021-04-13T23:03:22.857.