Description
Excellent investment opportunity. Leased with a national tenant since 2014. Gross income for 2022 was approximately $65,784 with net income of $44,682. CAP rate of 8.2% based on 2022 income. Rent increases 2.5% annually. Condo Association takes care of the common area maintenance. The 2,886 SF brick office condo is located in an established high end area of medical and professional buildings of the Midlands Professional Campus of Sycamore, IL. Centrally located DeKalb and Sycamore. The condo features suites and conference room. Great privacy since the building consists of only 2 condo units.
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0BEDS
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1.28ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Excellent investment opportunity. Leased with a national tenant since 2014. Gross income for 2022 was approximately $65,784 with net income of $44,682. CAP rate of 8.2% based on 2022 income. Rent increases 2.5% annually. Condo Association takes care of the common area maintenance. The 2,886 SF brick office condo is located in an established high end area of medical and professional buildings of the Midlands Professional Campus of Sycamore, IL. Centrally located DeKalb and Sycamore. The condo features suites and conference room. Great privacy since the building consists of only 2 condo units.
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