Units A, B, D & E | 201 Erie St
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Units A, B, D & E 201 Erie St
9,200 SF 100% Leased Office Building Grove City, PA 16127 $575,000 ($62.50/SF) 10.41% Cap Rate
INVESTMENT HIGHLIGHTS
- Great Long-Term Tenants in Place
- Central Location
- Modern Office Amenities
EXECUTIVE SUMMARY
CASH FLOWING turn-key commercial building and lot for sale in the heart of Grove City! With two well-established and long-term professional office tenants in place, this building will produce steady income for years to come. A total of 4 units and 9,200 square feet of office space, all of which is currently leased, come with the sale. Three units (B, D & E) are leased to one tenant, and one unit (A) is leased to the other tenant. Businesses are not for sale. Paved parking lot with 48 parking spaces! Access the parking lot from three different streets! Brand new AC & furnace in two of the units (A & D). This building currently grosses over $94k! Currently priced as a 10 cap! If you are looking for your next, or first, investment, look no further!
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
9,200 SF
Building Class
C
Year Built
1996
Price
$575,000
Price Per SF
$62.50
Cap Rate
10.41%
NOI
$59,875
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,800 SF
Building FAR
0.28
Lot Size
0.75 AC
Zoning
Industrial - Industrial. Current use is Professional Office, which is a legal, non-conforming use.
Parking
48 Spaces (5.22 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Wheelchair Accessible
- Kitchen
- Reception
- Storage Space
- Basement
- Central Heating
- Open-Plan
- Partitioned Offices
- Secure Storage
- Shower Facilities
- Monument Signage
- Air Conditioning
- Smoke Detector
1 of 1
Walk Score®
Very Walkable (78)
1 of 52
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PHOTOS
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Units A, B, D & E | 201 Erie St
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