5 Commons Street Rutland City VT Commercial For Sale $205000

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5 Commons Street Rutland City VT
Listed by Ray Ault Ault Commercial Realty, Inc.

Description:

This 1,470.5 sq. ft. Professional Office Condominium is conveniently directly across from the hospital (RRMC) for likely medical office use or other professional services business. Asking Price was just reduced by $20,000 to $205,000, yielding a 9.65% Cap Rate! Offered subject to a Lease through 14 Oct 2027, on a Triple Net basis. (However, Tenant is willing to move earlier for Buyer's business or a replacement tenant, as they have outgrown this 8-room space they otherwise love!) Base Rent for the year starting 15 Oct 2027 is $1,720.00/mo., or $14.00/sf, NNN. Net Expenses, paid monthly by Tenant as "Additional Rent" is about $1,400.00/mo., or $11.75/sf, plus tenant pays direct to vendors: electric, WiFi, Tenant's Insurance and interior cleaning. Ample parking at your door is a big plus!...as is an attractive vegetation-enclosed lunch-break table in fair weather. The Commons Office Condo complex is one of the most desireable in the City, and tends to command well above avg office lease rates and sale prices. See Sellers Property Info Report for 12-pg Q&A on systems serving Unit C-5.
Sale Includes : Land/Building

Features:

Income
Net Income| 0
Management Expense: $0
Insurance Expense : $0

Propery Information:

Construction Information:
Year Built: 0
Price Per SQ.FT. 0.00 No. of Units: 0
Building Size : 0

Exterior

Land Information

Zoned: POP
No. of Docks | 0.

UtilitiesUtilities: Cable
AC % | 0.

Additional Information

Taxes $7,914
Assesed Value Not Reported

Schools

565 Maple Street, White River Junction, Vermont. 05001 802-295-1355
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