31000 Toulouse 24,025 SF Office Building $2,446,483 ($101.83/SF)

Building located in Toulouse West, sector in the immediate vicinity of the employment areas, health establishments, Toulouse-Blagnac airport and ring road accesses. This sector is an established tertiary market in the city with an occupancy standard of around 85% to 90% for functional buildings with suitable parking.

A predominantly tertiary and medical environment combining banking activities, training centers, liberal professions and technical services.

Independent office building developing more than 2,000 m² spread over several levels. Construction at the end of 1980. Lift in accordance with current standards. Air conditioning installed. Major compliance and security work carried out with detailed elements and minutes of general meetings available on request.
Approximately 150 parking spaces, i.e. a particularly favorable ratio of approximately 1 space for 15 m², a level higher than Toulouse urban tertiary standards, constituting a significant competitive advantage in terms of rental attractiveness and long-term occupancy.

Rational and divisible floors adapted to a plurality of occupants.

70% occupied building generating rental income in excess of €176,000 per year. Seven tenants in place (bank, training center, tertiary and medical activities) ensuring risk sharing and securing rental flows.

Return net of acquisition costs 7.75% (net of notary and agency fees) based on current rents.

Given the occupancy standard observed in the Purpan sector, 85 to 90%, an occupancy rate increased to 90% would make it possible to achieve a return close to 10% NET of acquisition costs.

Possibility for a company manager to occupy between 200 and 400 m² (free) while maintaining a wealth logic combining user rent savings, amortization and bank leverage. In this scenario, the overall return on equity can be positioned between 11% and 12% depending on structuring and financing.

Investor (yield holding) in regional real estate assets or company managers wishing to secure their premises and constitute a wealth asset.

Technical and rental legal file communicated after qualified exchange.

The visual shown is an illustration of a non-contractual atmosphere. For reasons of confidentiality, it does not correspond to the property offered. A complete file and real photographs can be sent on request after a qualified exchange. Number of condominium lots: 141, Average annual amount of the share of expenses (estimated budget): 11160€ or 930€ per month. The agency fees are borne by the purchaser, i.e. 6.00% TTC 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 N° 790 543 383 - Toulouse Registry) Philippe SILVESTRE Individual Entrepreneur 06 61 46 75 77 - Ref.943926