775-785 Fairmount Ave
7,000 SF 100% Leased Office Building Jamestown, NY 14701 $1,300,000 ($185.71/SF) 8.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Leased Multi Tenanted Professional Office Building
- Low Maintenance Brick Exterior - New Roof as of October 2024
- Excellent 1031 Exchange Property for Investor Seeking Stabe Income Producing Asset
EXECUTIVE SUMMARY
Fully leased 7,000 SF multi-tenanted office building for sale. Good mix of professional tenants. The property has a strong history of high occupancy rates. Located in a highly visible and desirable area within a progressive and active trade area of the Jamestown Market. Building features: low-maintenance brick exterior and a brand new roof installed in October 2024. Ideal for: investors seeking a stable, income-producing asset.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
7,000 SF
Building Class
B
Year Built/Renovated
2001/2024
Price
$1,300,000
Price Per SF
$185.71
Cap Rate
8.70%
NOI
$113,100
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,000 SF
Building FAR
0.24
Lot Size
0.67 AC
Zoning
C - Professional Office
Parking
35 Spaces (5 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Signage
1 of 1
PROPERTY TAXES
| Parcel Number | 063889-386-011-0001-002-000 | Improvements Assessment | $476,700 |
| Land Assessment | $83,300 | Total Assessment | $560,000 |
