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84000 Avignon 22,066 SF Flex Condo Unit Offered at $2,173,096
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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 Courtine Industrial Zone
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 | Building Class | C |
| Property Type | Industrial (Condo) | Floors | 2 |
| 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 | Sale Type | Investment or Owner User |
| Price | $2,173,096 | Cap Rate | 8.11% |
| Price Per SF | $98.48 | NOI | $176,238.07 |
| Condo Use | Flex | Agency Fee | $108,655 |
| Unit Size | 22,066 SF |
| Price | $2,173,096 |
| Price Per SF | $98.48 |
| Condo Use | Flex |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.11% |
| NOI | $176,238.07 |
| Agency Fee | $108,655 |
DESCRIPTION
This mixed-use commercial space, with an area of 2,050 m², is divided into 250 m² of office space and 1,800 m² of activity space. The entire property has been leased since February 2021 under a firm 6-year lease (until February 2027), with a total term ending in 2031. The annual rent is €157,596.43 excluding taxes and charges, generating an attractive gross yield of 8.11%. The building is in very good overall condition, equipped with durable materials (double-skin cladding, concrete slab 4T/m², steel deck roof).
SALE NOTES
Investment opportunity in a recent and well-maintained commercial property located in the strategic industrial zone of Courtine in Avignon. The property, 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 firm period 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 asset boasts strong technical features: double-skin cladding, steel deck roof with skylights, reinforced concrete flooring (4T/m²), heavy vehicle access, and on-site parking. It is perfectly suited for an investor seeking a secure asset in a dynamic location with high potential.
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"84000 Avignon"
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