TITLE:
3 Years Pre-Paid Commercial office lease Ashland KY
CONTROL:
Owner
VALUE:
$222,000
LOAN:
$0
EQUITY:
$222,000
TYPE:
Office Building
HAVE:
Three years prepaid lease on 5,480 SF office space in a 58,233 five story office buildings on the fourth floor. Occupancy is currently at 84%. Rent rate at $13.50/SF and other spaces rent as high as 14.97/SF. A five year lease is possible.
ADDRESS:
131 16th St & 1527-1539 Greenup Ave, Ashland, Kentucky
BENEFITS TO NEW OWNER:
Generate Cash Flow by using or subleasing space
GROSS SCHEDULED INCOME:
$73,980 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$73,980
EXPENSES:
$0
NOI:
$73,980
DEBT SERVICE:
$0
CASH FLOW:
$73,980
CAP RATE:
33.32%
BENEFITS SOUGHT:
Activate equity in lease
CAN ADD:
Cash-Notes-Real Estate
REMARKS:
Attractive 5 story office building in Downtown Ashland.
State of Kentucky and internal revenue service occupy over 40,000 SF in the building.
COUNSELOR:
George Noor
Norkat Financial Inc.
330 Cessna Circle
Corona, California, 92880
Phone: 909-841-4545
Email george.noor@gmail.com
