31000 Toulouse 24,025 SF Office Building $2,446,850 ($101.85/SF)

Building located in West Toulouse, in close proximity to employment hubs such as healthcare facilities, Toulouse-Blagnac Airport, and highway access. This area is an established tertiary market in the metropolis, with an occupancy rate observed around 85% to 90% for functional buildings with adequate parking.
The environment is predominantly tertiary and medical, combining banking activities, training centers, liberal professions, and technical services.
Independent office building offering over 2,000 m² spread across several levels. Constructed in the late 1980s. Elevator compliant with current standards. Air conditioning installed. Significant work has been done to meet standards and ensure security, with detailed elements and general assembly reports available upon request.
Approximately 150 parking spaces, offering a particularly favorable ratio of about 1 space per 15 m², a level above urban tertiary standards in Toulouse, providing a significant competitive advantage in terms of rental attractiveness and occupancy sustainability.
Rational and divisible floors suitable for a variety of occupants.
Building is 80% occupied, generating rental income exceeding €200K annually. Seven tenants in place (bank, training center, tertiary and medical activities) ensuring risk diversification and securing rental income flows.
Net yield after acquisition costs is 8.81% based on current rents. Considering the observed occupancy standard in the Purpan area of 85% to 90%, increasing the occupancy rate to 90% could achieve a yield close to 10% NET after acquisition costs.
Possibility for a business owner to occupy between 200 and 400 m² (available) while maintaining a patrimonial logic combining user rent savings, amortization, and banking leverage. In this scenario, the overall equity yield can be positioned between 11% and 12% depending on structuring and financing.
Investor, regional real estate holding, or business owner looking to secure premises and build a patrimonial asset.
Legal, technical, and rental dossier provided after a qualified exchange.
The visual presented is a non-contractual ambiance illustration. For confidentiality reasons, it does not correspond to the property offered. A complete dossier and real photographs can be sent upon request after a qualified exchange. Number of lots in the condominium: 141, Average annual share of charges (forecast budget): €11,160 or €930 per month. Agency fees are borne by the buyer, amounting to 6.00% including tax of the price excluding fees.
Information on the risks to which this property is exposed is available on the Géorisques website: www.georisques.gouv.fr.
CAPIFRANCE Real Estate Network - Your commercial agent (RSAC No. 790 543 383 - TOULOUSE Registry) Philippe SILVESTRE Individual Entrepreneur 06 61 46 75 77 - Ref.943926