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2,266 SF Office Condo in Germantown 1926 Exeter Rd 2,200 SF 100% Leased Office Building Germantown, TN 38138 $1,590,822 CAD ($723.10 CAD/SF) 7% Cap Rate
Investment Highlights
- 2,266 SF office suite in the Washington Square community
- Ownership opportunity in Germantown's core office corridor
- Interior courtyard and three-sided parking
- Low-maintenance condo structure with shared exterior upkeep
Executive Summary
Offered at $1,152,042, this investment presents a 7.00% going-in cap rate based on an in-place NOI of $80,643. Priced at $524/SF, the property is a fully stabilized, two-tenant office building located in the heart of Germantown. The asset is 100% occupied with professionally leased tenants under a true NNN structure, providing a turnkey, management-light investment opportunity. With 2.2 years of remaining lease term, the property offers an attractive in-place yield of 7.00%, with built-in rental growth projected to increase returns to 7.32% by Year 3, creating clear upside in both cash flow and future valuation.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
2,200 SF
Building Class
B
Year Built
1986
Price
$1,590,822 CAD
Price Per SF
$723.10 CAD
Cap Rate
7%
NOI
$111,357 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,200 SF
Building FAR
0.22
Lot Size
0.23 AC
Zoning
CH
Parking
15 Spaces (6.82 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- TriStar Associates
- Finance and Insurance
- -
-
$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| TriStar Associates | Finance and Insurance | - | $9.99 | Lorem Ipsum | Jan 0000 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | G0-220D-H0-0022 | Improvements Assessment | $70,654 CAD |
| Land Assessment | $13,600 CAD | Total Assessment | $84,254 CAD |
Property Taxes
Parcel Number
G0-220D-H0-0022
Land Assessment
$13,600 CAD
Improvements Assessment
$70,654 CAD
Total Assessment
$84,254 CAD
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2,266 SF Office Condo in Germantown | 1926 Exeter Rd
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