Jefferson Office

Office for Sale
Catylist Listing ID: 30150034
Property Subtypes: High-Tech, Net Leased, Office Building, Research & Development
Building Size (RSF): 4,824 SF
Gross Land Area: 20,000 SF
Sale Price: $449,900
Unit Price: $93.26 PSF
Property Use Type: Investment
Building Name: Hay Building
Class of Space: Class C
Usable Size (USF): 4,824 SF
Sale Terms: Cash to Seller
Cap Rate: 5.2%
Last Updated: 11/16/2018

Overview / Comments

Choice location! Next to D'Angelos. Restaurant . Currently leased until 1/31/19.to a Call Center. Close to the train station and state airport. Opportunity for an investor or future end user.
Call agent for rental details. Cant beat the location of this building.
Way under rented. Should be at 10% cap rate at $12psf. Can be adjusted at lease termination 1/19.Motivated seller. Lets talk!

Current rent is $3200 modified gross until the end of the lease .

Taxes $12,000

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Zoning: OFFICE
Property Located Between: Service rd and Jefferson Blvd
Property Visibility: Excellent
Highway Access: up the street
Airports: up the street
Site Description: flat 1/2 zcre
Area Description: Sought after business area right off I-95
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,380 SF
Year Built: 1974
Construction/Siding: Stucco
Parking Type: Surface
Parking Description: In back of building
Total Parking Spaces: 26
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,863 96,318 270,239
Median Age: 40.74 42.94 39.86
Households: 2,634 39,349 107,113

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