The Trinity Office Bldg. is a very attractive multi-tenant office bldg.built in 2009. It's fully occupied with 5 separate tenants. Gross Scheduled Rents of $135588 / year (i.e. current rents of $11,299/ month). With 30% down + estimated 2% closing costs the Cash on Cash rate of return is projected to be 8.81% (i.e. a 3.9% interest rate & a 25-yr. amortization schedule with a 5 interest rate reset and a 10 year balloon). Price is a 7.03% Capitalization Rate. Beautiful 'Pride of Ownership' property located within 1 block from City Hall, in the middle of the City's newer professional office buildings area and 1 block from City's primary arterial, Robertson Boulevard. There is parking behind the building off of the alley and also the building has 9 designated parking spaces in the City owned Parking Lot across 4th St. from the office. Aso street parking in front of building on both Trinity Avenue and 4th Street.
All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2020 MetroList Services, Inc.
Listings marked with V* indicate the seller is willing to entertain offers within a Listing Price range. For example, a Price of $140,000-$170,000 indicates the seller will entertain offers from $140,000 to $170,000.
Listing information last updated on May 24th, 2020 at 2:53pm PDT.