KeyBank Building – Vacant Development

  • $700,000
Geneva, Ohio
  • 55586.12
  • Cash Flow
  • Gross Revenue
  • EBITDA
  • FF&E
For Sale

KeyBank Building – Vacant Development

Geneva, Ohio
  • $700,000

Overview

Listing ID: 21007
  • 55586.12
  • Cash Flow
  • Gross Revenue
  • EBITDA
  • FF&E

Description

The Thurston Group LLC in cooperation with Coldwell Banker Commercial Real Estate SFOC

exclusively presents a Single Tenant NNN KeyBank location in Geneva, OH.​ The Lease runs

through 11/30/2021 with KeyBnak’s obligation continuing through then but KeyBank will be

vacating in May, 2019.​ The Opportunity provides an investor/user the option of collecting

the rent until 11/30/2021 while planning the strategy for the

next stage in the life cycle of the property or working out a buyout with KeyBank for an

immediate occupancy and use.

Investment Highlights

  • ​NNN Lease with KeyBank through 11/30/2021
  • ​Opportunity to collect Rent while preparing for next cycle for Property or workout with KeyBank for Immediate Occupancy
  • ​Excellent Location in the Middle of Downtown Geneva, OH
  • Address 21 South Broadway, Geneva, OH 44041, USA
  • City Geneva
  • State/county Ohio
  • Zip/Postal Code 44041
  • Country United States

Details

Updated on April 9, 2021 at 1:09 am
  • Listing ID: 21007
  • Price: $700,000
  • Business Type: Banking and Loans
  • Listing Status: For Sale
  • Cash Flow: 55586.12

Additional details

  • Annual Debt Service: $18,859.88
  • Net Operating Income: $74,446
  • 50% Down Payment: 3.5%
  • Term (years): 30
  • Property Type : Retail, Office
  • Subtype Bank: Executive Office
  • Investment Type : Net Lease
  • Lease Type : NNN
  • Tenant Credit : Credit Rated
  • Tenancy : Vacant
  • Remaining Term : 0.6 years
  • Lease Expiration : 11/30/2021
  • Square Footage : 7,880
  • Net Rentable (sq ft) : 7,880
  • Price/Sq Ft : $88.83
  • Cap Rate : 10.64%
  • NOI : $74,446
  • Buildings : 1
  • Stories : 1
  • Lot Size (acres) : 0.959
  • Ownership : Fee Simple

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