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Phoenix House Westerby Rd 18,292 SF 100% Leased Office Building Middlesbrough TS3 8TD $658,213 ($35.98/SF) 8.16% Cap Rate
Investment Highlights
- Situated on the edge of Skippers Lane Industrial Estate
- Excellent access to the A66 Trunk Road
- 2 miles east of Middlesbrough town centre
Executive Summary
The freehold interest is available to purchase with offers invited over £490,000 reflecting a gross initial yield of 8.16%.
Property Facts Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
18,292 SF
Building Class
B
Year Built
1990
Price
$658,213
Price Per SF
$35.98
Cap Rate
8.16%
NOI
$53,710
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,146 SF
Building FAR
0.91
Lot Size
0.46 AC
Parking
23 Spaces (1.26 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
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Phoenix House | Westerby Rd
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