25K SF OFFICE BUILDING

$ 1,325,000

Property Type:

Office Building

Property Size:

24,631

Lease Type:

Gross

Cap Rate:

11 %

Details

63% Occupied | Owner/User Opportunity

  • Owner-Occupied Opportunity – 64% occupied with seven vacant spaces with an additional 6,249 SF space to be vacated in the summer of 2025.
  • High Cap Rate – 11% Cap Rate on in-place income.
  • Location – Euclid Ave (26,000 VPD) is situated within a corridor mixed with retail, office, medical, school, and residential areas.
  • Service-Based Tenancy – a diverse mix of professional office tenants including a CPA, Attorney, and Cleaning Service.
  • Short-Term Leases – Short-term leases provides flexibility in repositioning the property, whether by attracting tenants of higher quality or renegotiating terms to enhance long-term stability and profitability.

Contact:

khaterine@biltrealtygroup.com