Great Investment Property at a rarely seen 9.5 CAP Rate based on current (seller provided) rent and expenses. Also a good property for an owner-user of a small to midsize company. Property is Currently occupied by a lawn company. The lawn company may vacat at the end of the year as they are looking for a larger space. They could be talked into staying in the case of an investor buyer or you may be able to find a new tenant at a higher rent or longer lease period. Building is in good shape and the office area was recently remodeled. Plenty of yard space and parking already. There is the possibility of annexing the land in the back from the city which could add another ~4000 SF. It is expected some minor filing fees are the only expenses involved in this. There is room to expand the current building if the new buyer wishes. Much information is owner provided and subject to verification and ordinary due diligence. Showings during business hours to Pre-Approved or credit worthy buyers.
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