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Updated over 10 years ago,
Is this a good commercial deal
Class "A" Multi-Tenant Hi-Rise; 249,081 S.F.; built in 1987; 100% Leased as of January 2015; 5 tenants occupy 82% of the space; current NOI: $2.77M; 2015 NOI is estimated at $3,075,441; price $31,000,000; cap rate 9.92% based on 2015 NOI.