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Property Description
$2,700,000
Located just off this busy S. Kipling St. retail district, this investment property is listed at a 7.88 Cap Rate based on income and expenses for 2024. There are two tenants in this 8,391 SF building; Pinon Family Practice Professional LLP and Christuman Church. Pinon occupies 6,531 SF and has a lease terminating on 08/31/2030 with annual base rent increases of 3%. They have a NNN lease. Christuman occupies 1,600 SF and has a lease terminating on 06/30/2027. Please feel free to contact broker for detailed information. Pinon has been in the building since 2010 with a well-established practice. Christuman Church has been in the building since 2022 and recently extended their lease. Includes large back yard and amenities for employees. The tenant of the 1,600 sf space has expressed interested in terminating the lease if the owner can find another tenant.
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