Historical Office Sale Listing - Ancona Business Park

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Ancona Business Park

1041 S. Ancona Avenue, Eagle, ID 83616

N/A

6,000 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
6,000 SF
Property Type:
Office
Property Sub-type:
Medical Office
Property Use Type:
Business For Sale
Listing ID
15446817
Last Updated
over 1 year ago

Description

Year Built:  2005
 
Parking: 3:1,000
 
NNN property
Fully leased for approximately 5 years
Building has possibility of adding a mezzanine floor for extra income
GBA of 6,000+/- sf on a 0.556+/- acre pad site
 
Medical office consisting of 2,520+/- sf and a retail space consisting of 3,480+/-sf
 
Medical office has extensive medical improvements and St. Luke' s new hospital is being built just down the street
 
Offering Price:  $1,295,000
 
NOI:                 $90,159
 
Cap Rate:                    7%
 
CASH FLOW ANALYSIS:
 
Scheduled Gross Income:                   $92,947
 
            3% Vancancy Factor:               $2788
 
Net Operating Income                         $90,159
 
            Less Annual Debt Service       ($62,325)
(Based on assumable financing @6.5% for a loan balance of $780,000)
 
Cash Flow Before Taxes:                     $27,834
 
Principal Reduction on Loan Year       $13,742
 
Total Return                                        $41,576

HWY 44 and Ancona Rd., Eagle, ID

Map of 1041 S. Ancona Avenue, Eagle, ID 83616 (Ada County)

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