31000 Toulouse 24,025 SF Office Building $2,440,428 ($101.58/SF)

Building located in West Toulouse, in close proximity to employment hubs such as healthcare facilities, Toulouse-Blagnac Airport, and access to the ring road. This area represents an established tertiary market within the metropolitan region, with an observed occupancy rate of approximately 85% to 90% for functional buildings offering adequate parking.
The environment is predominantly tertiary and medical, combining banking activities, training centers, liberal professions, and technical services.
Independent office building spanning over 2,000 m² across multiple levels. Constructed in the late 1980s. Elevator compliant with current standards. Air conditioning installed. Significant work has been carried out to ensure compliance and 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, which exceeds urban tertiary standards in Toulouse and provides a significant competitive advantage in terms of rental attractiveness and occupancy sustainability.
Efficient and divisible floor plans suitable for a variety of tenants.
The building is currently 70% occupied, generating rental income exceeding €176,000 annually. Seven tenants are in place (bank, training center, tertiary and medical activities), ensuring risk diversification and secure rental income streams.
Net yield after acquisition costs is 7.75% (net of notary and agency fees) based on current rental income.
Considering the observed occupancy rate in the Purpan area (85% to 90%), increasing the occupancy rate to 90% could achieve a net yield close to 10% after acquisition costs.
Opportunity for a business owner to occupy between 200 and 400 m² (available space) while maintaining a property investment strategy that combines user rent savings, depreciation, and banking leverage. In this scenario, the overall return on equity could range between 11% and 12%, depending on structuring and financing.
Ideal for investors, regional property holding companies, or business owners looking to secure their premises and build a property asset.
Legal, technical, and rental documentation available upon qualified exchange.
The visual provided is a non-contractual illustration for ambiance purposes. For confidentiality reasons, it does not represent the actual property. 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 payable by the buyer, amounting to 6.00% 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. 790 543 383 - Toulouse Registry) Philippe SILVESTRE Individual Entrepreneur 06 61 46 75 77 - Ref. 943926