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13010 Marseille 3,175 SF Flex Condo Unit Offered at $716,268
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Executive Summary
Renovated activity building of 295 m² spread over three levels, located in the 10th arrondissement of Marseille, in close proximity to the Parc du 26ème Centenaire. Built as part of a condominium, this property is fully equipped for food preparation activities, featuring 4 distinct kitchen areas, dry and cold storage spaces, and equipment meeting hygiene standards (PMS). It offers ground-level access, cold rooms, movable partitions, locker rooms, tiled flooring, and a reversible air conditioning system.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Agency Fee | $28,779 |
| Cap Rate | 8.68% |
| Sale Type | Investment |
| Cap Rate | 8.68% |
| Agency Fee | $28,779 |
Description
This property consists of a 295 sq m activity building spread over three levels, located in the 10th arrondissement of Marseille, in the immediate vicinity of the Parc du 26e Centenaire. Fitted out with four distinct kitchen areas and several storage spaces (dry, cold, and kitchen), the premises fully comply with hygiene standards (PMS). It benefits from an optimized layout for dark kitchen, catering, or food production activities. The building has been renovated and includes reversible air conditioning, cold rooms, suspended ceilings, tiling, changing rooms, as well as removable partitions providing great flexibility of use.
Sale Notes
Secure investment with a tenant in place under a 3/6/9 commercial lease signed in May 2022. The premises are rented for an annual rent of €54,000 excluding tax and service charges, with operating expenses and property tax payable by the tenant. There are 15 months remaining before the next three-year lease term date. A rare product in this area, suitable for a specific type of business and sought after by food-service and food-logistics professionals. Well-maintained condominium with low common charges. Immediate availability for the buyer.
| Unit | Unit Size | Condo Use | Price | NOI |
| - | 3,175 SF | Flex | $716,268 ($225.60/SF) | $62,161.85 |
-
| Unit Size |
| 3,175 SF |
| Condo Use |
| Flex |
| Price |
| $716,268 ($225.60/SF) |
| NOI |
| $62,161.85 |
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| Unit Size | 3,175 SF |
| Condo Use | Flex |
| Price | $716,268 ($225.60/SF) |
| NOI | $62,161.85 |
| Sale Type | Investment |
| Cap Rate | 8.68% |
| Agency Fee | $28,779 |
| Description | |
| This property consists of a 295 sq m activity building spread over three levels, located in the 10th arrondissement of Marseille, in the immediate vicinity of the Parc du 26e Centenaire. Fitted out with four distinct kitchen areas and several storage spaces (dry, cold, and kitchen), the premises fully comply with hygiene standards (PMS). It benefits from an optimized layout for dark kitchen, catering, or food production activities. The building has been renovated and includes reversible air conditioning, cold rooms, suspended ceilings, tiling, changing rooms, as well as removable partitions providing great flexibility of use.</li></ul> | |
| Sale Notes | |
| Secure investment with a tenant in place under a 3/6/9 commercial lease signed in May 2022. The premises are rented for an annual rent of €54,000 excluding tax and service charges, with operating expenses and property tax payable by the tenant. There are 15 months remaining before the next three-year lease term date. A rare product in this area, suitable for a specific type of business and sought after by food-service and food-logistics professionals. Well-maintained condominium with low common charges. Immediate availability for the buyer.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | < 15,000 SF | Building Class | B |
| Property Type | Multifamily (Condo) | Floors | 3 |
| Property Subtype | Apartment | Year Built | 1900 - 1909 |
| Total Building Size | < 15,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 3 |
| Year Built | 1900 - 1909 |
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