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25 Bd Sakakini 376 SF Retail Condo Unit Offered at $159,956 in 13004 Marseille
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Executive Summary
IPM Cabinet is offering for sale a commercial property located in the 4th arrondissement of Marseille, in a vibrant and dynamic commercial area. The property has been fully renovated and is being sold with an attractive yield. - A ground-floor commercial unit of 35.04 m², including 25.04 m² of retail space and 10 m² of storage area. The premises are currently rented to a hair salon under a temporary lease, with the possibility of converting to a commercial lease. The property has been fully renovated. Monthly rent (excluding charges and property tax): €1,200 NET Monthly charges: €120 NET Monthly property tax: €100 All charges and property tax are fully covered by the tenant. Net yield: 10.3%
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Agency Fee | $11,425 |
| Cap Rate | 10.30% |
| Sale Type | Investment |
| Cap Rate | 10.30% |
| Agency Fee | $11,425 |
- A ground-floor commercial space of 35.04 m², including 25.04 m² of retail space and 10 m² of storage area, currently rented to a hair salon. The property has been fully renovated and is under a temporary lease, with the possibility of transitioning to a commercial lease.
Monthly rent excluding charges and property tax: €1,200 NET
Monthly charges: €120 NET
Monthly property tax: €100
All charges and property tax are fully covered by the tenant.
Profitability: 10.3% NET
| Unit | Unit Size | Condo Use | Price | NOI |
| - | 376 SF | Retail | $159,956 ($425.42/SF) | $16,475.48 |
-
| Unit Size |
| 376 SF |
| Condo Use |
| Retail |
| Price |
| $159,956 ($425.42/SF) |
| NOI |
| $16,475.48 |
-
| Unit Size | 376 SF |
| Condo Use | Retail |
| Price | $159,956 ($425.42/SF) |
| NOI | $16,475.48 |
| Sale Type | Investment |
| Cap Rate | 10.30% |
| Agency Fee | $11,425 |
| Description | |
| IPM Cabinet offers for sale, in the 4th district of Marseille, within a commercial and dynamic area, a commercial property for sale with high profitability, fully renovated.<br> <br> - A ground-floor commercial space of 35.04 m², including 25.04 m² of retail space and 10 m² of storage area, currently rented to a hair salon. The property has been fully renovated and is under a temporary lease, with the possibility of transitioning to a commercial lease.<br> <br> Monthly rent excluding charges and property tax: €1,200 NET<br> <br> Monthly charges: €120 NET<br> <br> Monthly property tax: €100<br> <br> All charges and property tax are fully covered by the tenant.<br> <br> Profitability: 10.3% NET</li></ul> |
Property Facts
| Total Building Size | 5,382 SF | Typical Floor Size | 5,382 SF |
| Property Type | Retail (Condo) | Year Built | 1950 |
| Floors | 1 | Tenancy | Single |
| Total Building Size | 5,382 SF |
| Property Type | Retail (Condo) |
| Floors | 1 |
| Typical Floor Size | 5,382 SF |
| Year Built | 1950 |
| Tenancy | Single |
Nearby Major Retailers
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25 Bd Sakakini
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