Closing Details
• Closed March 6, 2020
• Purchase Price: $3,050,000
• Financing: Cash to seller
• $577 per square foot
• 5.50% cap rate
• Jeff Miller represented out of state Buyer.
• Mark Hinkins represented Buyer in multi property 1031X
• 5,287 Square Feet with 3 tenants on NNN leases
• Tenants are Starbucks, nail salon and cleaners
• Separately metered units
• Starbucks on a new 10 year lease, with renovation planned
• Strong demographics with 18,974 population and Average
HH Income of $98K in 1-mile radius
• Popular location near Junkman’s Daughter & The Vortex