Description
Market demand continues to increase the need for private business suites over the shared space concept. The Suites in Brighton has 23 individual spaces where business owners can operate independently, and their clients and customers can meet in a private setting. Plenty of parking, public restrooms, waiting room, and break room. Building updates in 2020 include: New roof, new paved parking lot, interior and exterior paint, vinyl plank flooring in many of the suites, new carpet throughout halls and common areas, lighting, toilets, 2 of the 4 AC units, security cameras and keyless entry, awning, barnwood accents inside and out. Each room is currently leased well below market, huge amount of room to increase NOI. Seller will be participating in a 1031 exchange. Due to the high cash flow of this property, seller will not close until replacement property has been identified. Please see attachment for current P/L and projections. Maybe possible for multi-family, check with city. Agent/Owner
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0BEDS
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0.24ACRES
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0BATHS
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01/2 BATHS
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5,000SQFT
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$360$/SQFT
School Information
Description
Market demand continues to increase the need for private business suites over the shared space concept. The Suites in Brighton has 23 individual spaces where business owners can operate independently, and their clients and customers can meet in a private setting. Plenty of parking, public restrooms, waiting room, and break room. Building updates in 2020 include: New roof, new paved parking lot, interior and exterior paint, vinyl plank flooring in many of the suites, new carpet throughout halls and common areas, lighting, toilets, 2 of the 4 AC units, security cameras and keyless entry, awning, barnwood accents inside and out. Each room is currently leased well below market, huge amount of room to increase NOI. Seller will be participating in a 1031 exchange. Due to the high cash flow of this property, seller will not close until replacement property has been identified. Please see attachment for current P/L and projections. Maybe possible for multi-family, check with city. Agent/Owner
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