By Webmaster2 on December 14, 2017
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| Offering Price |
$10,950,000 $8,713,000 |
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Cap Rate |
Leveraged |
| In Place |
8.50% |
11.86% |
| Pro-Forma with In-Place |
11.14% |
17.18% |
| Total Building Area |
±37,735 |
| Year Built |
2007 |
| Number of Buildings |
5 |
| Parking Ratio |
±189 Surface Spaces |
| ±5.01: 1,000 SF |
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| NEWLY DEVELOPED BEST-IN-CLASS BUSINESS PARK WITH UPSIDE |
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The Village Green is the only property in the market zoned for medical, office and retail offering 5-to-1 parking. It is a unique opportunity for an investor to acquire a newly developed Best-in-Class business park investment with strong in-place cash flow that offers significant upside through the leasing of vacant spaces. |
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The Village Green has been professionally owned and managed since it was originally developed which will limit the potential for unforeseen capital costs due to deferred maintenance. The project is further enhanced due to the well-maintained and attractive drought tolerant landscaping reducing overall annual operating costs. |
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Posted in Listings
