Catylist Listing ID: 29644600
Property Subtypes: Executive Suites, Medical
Building Size (RSF): 5,350 SF
Sale Price: $285,000
Unit Price: $53.27 PSF
Ceiling: 8 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: MANHATTAN PLAZA
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 12.0%
Last Updated: 5/23/2020

Overview / Comments

INVESTMENT OPPORTUNITY. FULLY OCCUPIED BY COMPLIANCE COMPANY AND HELP AT HOME SERVICE, LEASES EXPIRE JUNE 2021 ALL WITH RENABLE OPTIONS. WELL MAINTAINED. COP RATE 12+% - INCOME $58,000 - EXPENSES $22,000.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $8,509 (Annual)
Assessed Value - Total($) $59,634 (Annual)

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 12-29-276-010, 12-29-276-011, 12-29-276-013
Zoning: C2
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1985
Exterior Description: Condo set-up with cedar outside and ample shared parking.
Parking Type: Surface
Parking Description: BLACKTOP
Total Parking Spaces: 30
Air Conditioning: Package Unit
Interior Description: Unit 10 & 12 a home help service and unit 9 a compliance company-- each a condo set-up owned by a single person.
Zoning Description: OFFICE CONDO
Water Service: Municipal
Sewer Type: Municipal
Legal Description: manhattan plaza condomium bing pt 1 of manhattan plaza ne1/4 sec29-44-2 unit lot 10

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,898 97,676 193,003
Median Age: 38.99 39.37 38.29
Households: 5,135 39,783 77,660

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