EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE RETAIL OFFERING
COASTAL STRIP MALL1700 S ROOSEVELT DRSEASIDE, OR 97138
OFFERING SUMMARYYEAR 1 YEAR 2
Price $275,000 Down Payment All Cash Gross Leasable Area 2,754 Price/SF $99.85 Occupancy 100.0% Year Built 1989 Lot Size 0.2 acre(s) CAP Rate 3.76% 3.71%Net Operating Income $10,329 $10,208Net Cash Flow After Debt Service $10,329 $10,208Total Return 3.76% / $10,329 3.71% / $10,208
INVESTMENT HIGHLIGHTS
§ 100% Occupied Strip Center
§ High Visibility Location on Highway 101 with More than 13,000 VPD
§ Well-maintained Building Built in 1989
§ Attractive Nearby Amenities Include Seaside Golf Course, Pacific Ocean and Lodging
§ Low Price per Square Foot of Approximately $100
§ Ideal for Investor or Owner/User
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved. (Activity ID: Z0210492 Property ID: 4882785)
EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE RETAIL OFFERING
101 West Elm Street, Suite 600, Conshocken, PA 19428 | Tel (215) 531-7000 Fax: (215) 531-7010
COASTAL STRIP MALL1700 S ROOSEVELT DRSEASIDE, OR 97138
EXPENSESCAM $3,447 $3,447Insurance $1,359 $1,359Real Estate Taxes $4,065 $4,186Management Fee Miscellaneous Expenses Total Expenses $8,871 $8,992
REVENUE YEAR 1 YEAR 2Base Rental Revenue $19,200 $19,200Reimbursement Income Miscellaneous Income Potential Gross Revenue $19,200 $19,200General Vacancy Effective Gross Revenue $19,200 $19,200
NET OPERATING INCOMENet Operating Income $10,329 $10,208
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved. (Activity ID: Z0210492 Property ID: 4882785)
Top Related