7% Cap Rate Condo Investment Sale

Posted by Fitzgerald Realty Group on December 11, 2019
Fitzgerald Realty Group

Modern construction in a high traffic location

5950 Frederick Crossing Lane, Unit #100 - #101 is a fully leased two-unit office condo package offered at the competitive price of $429,000. Located in the highly desirable Guilford Office Park, this property consistently yields rental rates at the top of the market. Combined with its exceptional rental history, this package presents a great opportunity for stable income to an investor. The two 1,000± square foot units boast of modern construction with medical & office build-outs, private offices, conference rooms, reception areas, private baths, separate entrances, and free on-site parking. An in-place NOI of $30,300 yields a 7.0% Cap Rate to investors.

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Topics: Investment, Commercial