4066 Evans Avenue

Highlights:

• Lot Features: City Location
• Building Features: Landscaped, Lobby, Other Miscellaneous
• Number Of Buildings: 2
• Documents Available: Aerial Photo(S), Deed, Photos
• Cooling: Central Building A/C
• Heating: Central Electric
• Flooring: Tile, Wood
• Construction Materials: CBS Construction, Insulated
• Parking Features: Common
• Security Features: Fire Sprinkler System

Description:

Separate but fully leased, 2 building portfolio on 1.23 acres. 52 units averaging 215 SF. Occupied by 47 local tenants on leases averaging 2 years. Professionally managed and maintained. New re-roof in 2017. Recent HVAC replacements also. Common areas include, lobby area, break rooms, and atrium. Historically high occupancy with less than 2.5% vacancy with a long wait list. Liberal CI zoning allows for multitude of retail, office, or medical uses. Property features and attractive 7.3% CAP rate with considerable upside as leases reset.