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213 High Street
Portsmouth, VA 23451
Asking Price
$2.10M
Asset Type
Retail
Class
Class B
What's Special
Retail | 31,562 SqFt <ul><li>25,812± SF retail space available in the heart of Downtown Portsmouth</li><li>Local landlord!</li><li>Ample storage area with grade level loading door</li><li>Former fabric store</li><li>Floor plans are demisable</li><li>Lease Rate: First Floor: $15.00/SF, NNN Second Floor: $10.00/SF, NNN</li></ul>
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NOI
$80,000
Cap Rate
3.81%
DSCR
0.64
Underwater
Cash-on-Cash
-7.09%
Monthly Payment
$10,389.654
Annual Cash Flow
$-44,675.85
