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905 S Governor's Ave 16,700 SF 90% Leased Office Building Dover, DE 19904 $3,575,000 ($214.07/SF) 6.81% Cap Rate
INVESTMENT HIGHLIGHTS
- Located on Highly visible Governors Avenue
- 1,710 SF of space available on the first floor
- Multi year State of Delaware leases in place
EXECUTIVE SUMMARY
The sale includes tenants with multiple year leases with options. The tenants include State Election Commissioner and Division of Child Support Services.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
16,700 SF
Building Class
B
Year Built
1970
Price
$3,575,000
Price Per SF
$214.07
Cap Rate
6.81%
NOI
$243,600
Percent Leased
90%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,250 SF
Slab To Slab
9’
Building FAR
0.53
Lot Size
0.72 AC
Opportunity Zone
Yes
Zoning
C1A - C-1A zoning in Dover, Delaware is a Limited Commercial Zone that permits certain uses, while prohibiting others
Parking
25 Spaces (1.5 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Fully furnished office
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 105 | 1,710 SF | Office | Full Build-Out | Now |
1st Fl-Ste 105
| Size |
| 1,710 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 105
| Size | 1,710 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Fully furnished office
1 1
PROPERTY TAXES
| Parcel Number | 2-05-07717-03-1100-000 | Improvements Assessment | $789,900 |
| Land Assessment | $137,200 | Total Assessment | $927,100 |
PROPERTY TAXES
Parcel Number
2-05-07717-03-1100-000
Land Assessment
$137,200
Improvements Assessment
$789,900
Total Assessment
$927,100
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905 S Governor's Ave
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