4905 N Union Boulevard

Property Details

Overview

4905 North Union Boulevard is a professional and highly visible, income-producing 3 story office building.  It’s strategically located at the intersection of North Academy & North Union Boulevard.

Originally constructed in 1978, the building has been well maintained and undergone periodic normal modernization over time.  There are no immediate anticipated CAP X requirements.

Because the building is equipped with an elevator, all floors are handicap accessible. The building is suitable for any tenant looking for clean Class B office space.

The tenant roster includes: a law office, a real estate company, an insurance agency, a psychologist, and a variety of other professional practices.  The tenant roster has mostly been in tenancy for years and provides very consistent cash flow.

The annual gross income is approximately $221,000.  The most recent annual property tax is: $18,639.  The  most recent annual property insurance cost is:  $4,869.   

The building is 15,672 square feet on 30,920 square feet and boasts 47 on-site parking spaces.

The asking sale price is only $1,650,000 which is only $150 per square feet, which is well below replacement cost.

For a private showing and all the confidential financial information, call Steve Leigh:  719-338-4470 or Tim Leigh:  719-337-0999.

Highlights

Location Map