This property is Off-Market

1041 S. Ancona Avenue
Eagle, ID 83616 ·

6,000 SF · Office For Sale

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Ancona Business Park

Price N/A Property Sub-type Medical Office
Building Size 6,000 SF Property Use Type Business For Sale
Property Type Office
Listing ID: 15446817 Date Created: 11/20/2007 Last Updated: 11/20/2007

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

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

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