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77220 Gretz-Armainvilliers 22,604 SF Flex Building $1,858,671 ($82.23/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 an area of 2,100 square meters is offered for sale on a 2,400 square meter plot, spread over three levels. The ground floor includes 8 activity units totaling 700 square meters, with a ceiling height of 3.5 meters. The first floor houses an office space of 700 square meters, comprising 8 units as well as 2 apartments. The second floor offers an office space of 700 square meters 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 present for several years. The current rental income amounts to €106,428 excluding taxes and charges per year, offering a yield of 6.4%. The total estimated income after renovations is €196,428 excluding taxes and charges per year, with an estimated yield of 11%. The building also benefits from heavy vehicle access, ideal for activities requiring easy access for large-capacity transportation.
Property Facts
| Price | $1,858,671 | Rentable Building Area | 10,000 - 60,000 SF |
| Price Per SF | $82.23 | 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 | $1,858,671 |
| Price Per SF | $82.23 |
| 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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