Commercial condo 3,750 square feet

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30332226
Property Subtypes: Free-Standing Building, Street Retail
Status: Pending
Condo? Yes
Building Size (RSF): 3,750 SF
Gross Building Area: See Agent
Sale Price: $395,000
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: Northgate Center
Usable Size (USF): 3,750 SF
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 1/31/2019

Overview / Comments

Current Tenant DJ Coins has been at this location over 10 years and is related to Seller, currently on a Month to Month lease. Tenant may stay and lease at a 7% return to Buyer (terms to be negotiated prefers a lease with option to purchase) or Tenant will vacate in favor of new owner with 60 days notice. Best price for Buyer willing to do a purchase and lease back to Tenant with option to purchase.

Additional Details

Nearest MSA: Coeur d'Alene
County: Kootenai
Taxing Authority: Kootenai County
Tax ID/APN: 167776
Is Condo?: Yes
Retail Clientele: Business
Property Located Between: Neider Ave and West Kathleen
Property Visibility: Good
Largest Nearby Street: North Government Way
Area Description: Great mid town Coeur d Alene location near Home Depot and other retail, restaurant, gas station and office development.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,750 SF
Property Condition: Good
Year Built: 1986
Year Renovated: 2006
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Parking Description: Common area parking lot
Sprinklers: Dry
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: Commercial
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Comman area fee ownership

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,943 47,468 72,399
Median Age: 36.37 37.6 38.8
Households: 3,942 19,749 29,303
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