84000 Avignon 22,066 SF Flex Condo Unit Offered at $2,164,933
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INVESTMENT HIGHLIGHTS
- Asset leased with a fixed-term lease until 2027
- Direct proximity to highways and transportation infrastructure
- Strategic location in the ZI Courtine
EXECUTIVE SUMMARY
Situated on a fenced plot of approximately 3,470 m², the property is located in the Courtine industrial zone in Avignon, with direct access to major highways and transportation infrastructure. The building features truck access, ample parking spaces, and a layout that allows for efficient use of the space. This is a long-term investment asset offering strong visibility and stable rental value over time.
PROPERTY FACTS
| Total Building Size | 10,000 - 60,000 SF |
| Property Type | Industrial (Condo) |
| Building Class | C |
| Floors | 2 |
AMENITIES
- Storage Space
- Air Conditioning
- Smoke Detector
1 UNIT AVAILABLE
| Unit Size | 22,066 SF |
| Price | $2,164,933 |
| Price Per SF | $98.11 |
| Condo Use | Flex |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.11% |
| NOI | $175,576.05 |
| Agency Fee | $108,247 |
DESCRIPTION
This mixed-use activity space, with a total area of 2,050 m², is divided into 250 m² of office space and 1,800 m² of activity space. The property has been leased since February 2021 under a fixed 6-year lease (until February 2027), with a total term ending in 2031. The annual rent amounts to €157,596.43 excluding taxes and charges, offering an attractive gross yield of 8.11%. The building is in excellent overall condition and features durable materials (double-skin cladding, 4T/m² concrete slab, steel deck roofing).
SALE NOTES
Investment opportunity in a modern and well-maintained commercial property located in the strategic industrial zone of Courtine in Avignon. The real estate complex, with a total area of 2,050 m² (including 250 m² of office space), is situated on a 3,470 m² plot and benefits from a 10-year commercial lease signed in February 2021, with a fixed term of 6 years, ensuring rental stability until 2027. The annual rent of €157,596.43 excluding taxes and charges generates an attractive gross yield of 8.11%.
The property boasts solid technical features: double-skin cladding, steel deck roofing with skylights, reinforced concrete flooring (4T/m²), heavy vehicle access, and on-site parking. This asset is ideal for an investor seeking a secure, income-generating property in a dynamic location with strong growth potential.
CONTACT
-
Albert Coll -
Immobiliere Provence Mediterranee
