This property has appeal to a wide variety of potential purchasers, whether income investors, owner/users or a combination. For those seeking an income investment the property has a sustained track record of high occupancy and growing rental income. Owner/users will appreciate the distinctive architecture, the high visibility and central location with convenient parking. It's also possible a user would occupy only a portion of the building while enjoying rental income from the remainder and have room to grow. This is a multi-tenant office building with a long track record of high occupancy. For the past 25 years the building has been operated as an executive suite arrangement with 13 individual suites, a shared conference room as well as shared entrance lobby/waiting area and kitchen. There are men's and ladies' restrooms on each floor. The primary market for tenants has been small businesses and sole practitioners who seek an attractive, professional space at a reasonable rent. Suites vary in size, orientation and appeal. Rents range from $350 per month to slightly over $1,000. Additional revenue comes from renting storage space and shared internet costs.
Data last updated: April 28th, 2024 at 8:01pm PDT and updating occurs quarter-hourly
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