38000 Grenoble 10,010 SF Flex Building $3,209,972 ($320.66/SF)

Tertiary Asset for Lease – Downtown – 930 m² – 10% Yield
Located in a central and dynamic area of Grenoble, near a major commercial hub, this is an opportunity to acquire a tertiary property of approximately 930 m².
The premises, currently used as office spaces, are divisible, offering great operational flexibility in the medium term. The property consists of 4 units measuring 265 m², 238 m², 276 m², and 151 m² respectively (with the option to acquire an additional 14 parking spaces).
The asset is leased, generating €216,000 in annual rental income, providing an immediate yield of 10%.
The building enjoys excellent visibility with storefronts facing the street and a park, situated in an attractive and busy environment.
The presence of numerous public parking lots nearby makes it convenient for customer access.
Key Features:
- Premium downtown location
- Secured rental income
- Attractive yield
- Divisible asset
- Optional private parking
For any questions, to receive a complete file, or to schedule a visit, please contact me. Number of units in the condominium: 50. Average annual share of charges (estimated budget): €10,525, or €877 per month. Agency fees are payable by the buyer, amounting to 9.60% including tax of the price excluding fees.
Information on risks associated with this property is available on the Géorisques website: www.georisques.gouv.fr.
CAPIFRANCE Real Estate Network - Your commercial agent (RSAC No. 484 246 517 - Grenoble Registry) Isabelle AUBRUN Individual Entrepreneur 06 82 17 54 89 - Ref. 944246