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GSA Leased Investment SSA Selma 120 Executive Park Ln 13,421 SF Office Building Selma, AL 36701 $4,721,357 CAD ($351.79 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 7.5% cap rate on 2025 projected net income
- $87,474 annual renovation reimbursement paid to landlord through May 2029
- Operating expense reimbursement and CPI formula increases
- Term through 11/11/2033 / Firm term through 11/11/2028 / Rent escalation last 5 years of term
- Single story brick built 2003, renovated 2018, new roof
- Increases of property taxes over a base year reimbursement
EXECUTIVE SUMMARY
The lease term is through November 11, 2033 with firm term through November 11, 2028, after which the lease may be terminated early. A third party study reported only 2.82% of GSA leases are terminated early, and one reason is a lack of expansion space. The 2.2 acre site can accommodate expansion.
PROPERTY FACTS
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Public Administration
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
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| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 11-08-27-1-002-003.0120 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $322,555 CAD |
PROPERTY TAXES
Presented by
GSA Leased Investment SSA Selma | 120 Executive Park Ln
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