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1544 Union Rd 1,200 SF 100% Leased Office Building Gastonia, NC 28054 $322,244 CAD ($268.54 CAD/SF) 6.58% Cap Rate
Executive Summary
1544 Union Road Suite B, Gastonia NC 28054 (One tenant)
1544 Union Road, Suite B, Gastonia NC 28054
1200 square feet GBA - Six office and a bathroom. Roof has been replaced in the past five years per HOA/POA. I also have another Office Condo that I can sell for a package deal. It is also 100% occupied.
Annual Numbers:
$1,500 X 12 = $18,000
Real Estate Taxes $1113
Insurance $400
HOA Fees $1346
Net Income $15,141
This unit is under rented and market rent should be closer to $1,700. Current tenant is month to month and wants to sign new lease.
1544 Union Road, Suite B, Gastonia NC 28054
1200 square feet GBA - Six office and a bathroom. Roof has been replaced in the past five years per HOA/POA. I also have another Office Condo that I can sell for a package deal. It is also 100% occupied.
Annual Numbers:
$1,500 X 12 = $18,000
Real Estate Taxes $1113
Insurance $400
HOA Fees $1346
Net Income $15,141
This unit is under rented and market rent should be closer to $1,700. Current tenant is month to month and wants to sign new lease.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Building Size
1,200 SF
Building Class
B
Year Built
2001
Price
$322,244 CAD
Price Per SF
$268.54 CAD
Cap Rate
6.58%
NOI
$21,213 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
1,200 SF
Building FAR
0.55
Lot Size
0.05 AC
Zoning
OFF05 - See attached.
Parking
10 Spaces (8.33 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 198466 | Improvements Assessment | $146,951 CAD |
| Land Assessment | $0 CAD | Total Assessment | $146,951 CAD |
Property Taxes
Parcel Number
198466
Land Assessment
$0 CAD
Improvements Assessment
$146,951 CAD
Total Assessment
$146,951 CAD
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1544 Union Rd
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