Cushman & Wakefield is pleased to announce that it has been retained on an exclusive basis to arrange for the sale of a 7-story, elevator apartment building, comprised of approx. 18,500 gross square feet. The building consists of retail and community facility units on the ground floor, 10 residential units over the upper floors, and cellar level retail space with separate access. There is currently a master lease in place for the ground floor and lower level, which expires in 2017. The residential portion is comprised of (8) 2BR/2BA units and (2) 3BR/3BA duplexes. The retail rent is approx. 70% of current market value, and the average residential rent is approx. 80% of current market value, offering tremendous upside potential. The property is fully occupied, posing a prime investment or 1031 exchange opportunity. Contact exclusive agents for further information or inspection.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
