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Professional Office Suites <p>The property generates approximately $101,220 in gross annual rent and delivers a Net Operating Income (NOI) of $59,491. On a pro forma basis, with property taxes adjusted to reflect the new purchase price, operating expenses equal 41.23% of gross rents.</p><p>Current suite rents mostly range from $430–$440, while prevailing market rents in the submarket are approximately $550–$595, indicating strong upside potential through lease renewals and new tenancy.</p>
Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.