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Spectrum 4 Spectrum Business Park 35,012 SF 4-Star Office Building Seaham SR7 7TT $4,799,874 CAD ($137.09 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- A detached 3 storey Grade A office completed in 2008, extending to 3,253 sq m (35,012 sq ft) with 129 car parking spaces
- Situated in an area benefitting from significant commercial development and well placed for retail and leisure facilities
- Located on a site extending to 0.856 hectares (2.117 acres)
EXECUTIVE SUMMARY
Instructed to invite offers of £2,600,000 (Two Million Six Hundred Thousand Pounds) for the vendor's freehold interest.
PROPERTY FACTS In Escrow
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
35,012 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2008
Price
$4,799,874 CAD
Price Per SF
$137.09 CAD
Cap Rate
7.50%
NOI
$359,991 CAD
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
11,775 SF
Building FAR
2.68
Lot Size
0.30 AC
Parking
129 Spaces (3.68 Spaces per 1,000 SF Leased)
AMENITIES
- Raised Floor
- Accent Lighting
- Energy Performance Rating - B
- Drop Ceiling
- Air Conditioning
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Spectrum 4 | Spectrum Business Park
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