7.6% Cap | Luxury Office/Car Storage | NNN | 23 Ryan St
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7.6% Cap | Luxury Office/Car Storage | NNN 23 Ryan St
5,742 SF 91% Leased Office Building Stamford, CT 06907 $2,312,079 CAD ($403 CAD/SF) 7.60% Cap Rate
Executive Summary
7+% CAP ACTUAL! GREAT OPTION FOR CAR + LUXURY GOLF ENTHUSIASTS -- tenants specializing in both areas! 5,700 sq ft, beautiful cash-flowing commercial property BUILT in 2007 in prime Stamford location between the Merritt Parkway and I95! The building is 2 stories with a basement that is at ground level and 4 garage bays. All tenants are on triple net leases with CAM fully paid for (including taxes) making for low management fees. In addition to the building, there is approximately 3,000 sq ft of parking and/or outdoor storage space. One vacant garage bay, the rest of the units are rented to thoroughly vetted tenants on multi-year leases.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
5,742 SF
Building Class
A
Year Built
2007
Price
$2,312,079 CAD
Price Per SF
$403 CAD
Cap Rate
7.60%
NOI
$175,718 CAD
Percent Leased
91%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,871 SF
Building FAR
1.09
Land Acres
0.12 AC
Zoning
MG - Commercial
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Walk Score ®
Very Walkable (80)
PROPERTY TAXES
Parcel Number | STAM-000002-000000-004912 | Improvements Assessment | $670,552 CAD |
Land Assessment | $381,242 CAD | Total Assessment | $1,051,794 CAD |
PROPERTY TAXES
Parcel Number
STAM-000002-000000-004912
Land Assessment
$381,242 CAD
Improvements Assessment
$670,552 CAD
Total Assessment
$1,051,794 CAD
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7.6% Cap | Luxury Office/Car Storage | NNN | 23 Ryan St
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