Twin Oaks Office Condo for SALE (100% Leased)

Office for Sale
Catylist Listing ID: 17900991
Property Subtypes: Business Park
Building Size (RSF): 5,213 SF
Gross Building Area: See Agent
Gross Land Area: 0.62 SF
Sale Price: $716,850
Unit Price: $137.51 PSF
Property Use Type: Investment
Building Name: Twin Oaks Office Park
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/11/2017

Overview / Comments

This professionally designed and decorated Twin Oaks office condo is located in a high-traffic area near the Medical Mile. This condo is fully leased by a new national tenant, see agent for a pro forma.

The condo has James River Freeway exposure, monument sign and signage over the entryway door. Property is in the immediate vicinity of Cox Health Systems Campus and across the street from Twin Oaks Country Club.

Any sale or lease of this property is subject to condo association declaration, bylaws, rules and regulations.

TRAFFIC COUNT DATA (City of Springfield/January, 2011): Republic Rd., East of S. Campbell St.: 11,601 cars per day.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $13,065 (Annual)
Finance Data Year 2015
Real Estate Taxes - Annual($) $12,965 (Annual)
Finance Data Year 2014
Real Estate Taxes - Annual($) $13,207 (Annual)
Net Operating Income $58,646 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Springfield
County: Greene
Zoning: PD 21 (PLANNED DEVELOPMENT)
Side of Street: North
Road Type: Paved

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,260 72,252 167,885
Median Age: 45.25 40.15 37.31
Households: 4,715 32,431 72,285
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