Description
Two Buildings. 742 W. Pioneer Blvd. 7125 sf. 6 Tenants. All month to month. Leases can be extended. Fully leased. See building diagram in attached documents. 750 W. Pioneer Blvd., 11,920 sf. 3 Tenants. Month to month. Fully leased. Long term, established businesses. Buy one or both buildings. 742 W. Pioneer Blvd., $712,500. 750 W. Pioneer $1,192,000. Both priced at $100/sf. Net cash flow after all expenses including vacancy loss, utilities, taxes, insurance, maintenance, & HOA in 2020 $100,946. 5.3% cap rate at listing price. Good, stable investment property as is. Considerable room to raise rents and/or extend leases. Below market rents, currently. All active businesses. Show on appointment only. Buildings are newer construction with nice views and ambience. Lots of parking. Freeway visibility for both. Both buildings suitable for offices, retail, other professional services, church/s, etc. A quality builidings. B quality rents, as are currently rented below market. Seller sacrificed per/sf lease rates for keeping full. HOA's are Mesquite Vistas and Redd Hills Business Park. 6 out of 8 of the tenants are long term for multiple years.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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19,045SQFT
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$100$/SQFT
School Ratings & Info
Description
Two Buildings. 742 W. Pioneer Blvd. 7125 sf. 6 Tenants. All month to month. Leases can be extended. Fully leased. See building diagram in attached documents. 750 W. Pioneer Blvd., 11,920 sf. 3 Tenants. Month to month. Fully leased. Long term, established businesses. Buy one or both buildings. 742 W. Pioneer Blvd., $712,500. 750 W. Pioneer $1,192,000. Both priced at $100/sf. Net cash flow after all expenses including vacancy loss, utilities, taxes, insurance, maintenance, & HOA in 2020 $100,946. 5.3% cap rate at listing price. Good, stable investment property as is. Considerable room to raise rents and/or extend leases. Below market rents, currently. All active businesses. Show on appointment only. Buildings are newer construction with nice views and ambience. Lots of parking. Freeway visibility for both. Both buildings suitable for offices, retail, other professional services, church/s, etc. A quality builidings. B quality rents, as are currently rented below market. Seller sacrificed per/sf lease rates for keeping full. HOA's are Mesquite Vistas and Redd Hills Business Park. 6 out of 8 of the tenants are long term for multiple years.
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