919 Fairfax - Altoona | $519,000
OFFICE INVESTMENT OPPORTUNITY IN ALTOONA!
Trillium Commercial Realty proudly presents 919 Fairfax St, Altoona: a fully leased commercial building offering a lucrative investment opportunity. This two-story office property comprises 10 units with a total square footage of 7,040, situated on a spacious 0.8-acre lot. With all units occupied and generating a net operating income of $36,330, this stabilized Class B asset promises a solid return. The property features convenient gross lease terms, encompassing utilities and maintenance, ensuring ease of management. Additionally, the prime location and ample parking make it an attractive option for both tenants and investors. Contact Jake Tanner at 715-456-5923 for lease details and investment inquiries.
Quick Facts:
Property Type: Office building
Subtype: Executive Office, Traditional Office
Investment Type: Stabilized
Class: B
Lease Type: Gross
Tenancy: Multi-tenant
Number of Tenants: 8
Square Footage: 7,040
Net Rentable (sq ft): 6,950
Price/Sq Ft: $73.72
Cap Rate: 7.00%
Occupancy: 100%
NOI: $36,330
Units: 10
Buildings: 1
Stories: 2
Zoning: Commercial
Lot Size (acres): 0.8
Parking (spaces): 20
Rent Bumps: No
Price/Unit: $51,900
Investment Highlights:
Fully leased commercial building with stable income
Prime location and ample parking
Gross lease terms covering utilities and maintenance
Convenient access to tenants and investors
NOI of $36,330 and attractive cap rate of 7.00%
All 10 units occupied, ensuring a reliable revenue stream
Purchase Price: $519,000
