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77220 Gretz-Armainvilliers 22,604 SF Flex Building $1,862,392 ($82.39/SF)
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INVESTMENT HIGHLIGHTS
- More than 1000 m² occupied by the same tenant for several years
- Estimated total income: 196,428€ HT/HC/YEAR or 11% profitability
EXECUTIVE SUMMARY
An independent real estate complex with a total area of 2,100 m² is available for sale on a 2,400 m² plot, spread over three levels. The ground floor includes 8 activity units totaling 700 m², with a ceiling height of 3.5 meters. The first floor houses an office space of 700 m², comprising 8 units and 2 apartments. The second floor offers an office space of 700 m² that needs to be finished. The entire ground floor and a large part of the first floor are currently occupied by the same tenant, who has been there for several years. The current rental income is €106,428 excluding taxes and charges per year, providing a yield of 6.4%. The total estimated income after improvements is €196,428 excluding taxes and charges per year, with an estimated yield of 11%. The building also benefits from truck access, ideal for activities requiring easy access for large-capacity transport.
PROPERTY FACTS
| Price | $1,862,392 | Rentable Building Area | 10,000 - 60,000 SF |
| Price Per SF | $82.39 | Year Built | 2010 - 2019 |
| Agency Fee | 5.00% of sale price | Tenancy | Single |
| Sale Type | Investment | Parking | Yes |
| Property Type | Flex | Drive In Bays | Yes |
| Building Class | B |
| Price | $1,862,392 |
| Price Per SF | $82.39 |
| Agency Fee | 5.00% of sale price |
| Sale Type | Investment |
| Property Type | Flex |
| Building Class | B |
| Rentable Building Area | 10,000 - 60,000 SF |
| Year Built | 2010 - 2019 |
| Tenancy | Single |
| Parking | Yes |
| Drive In Bays | Yes |
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