Federal Assembly - Sale Lease Back

115 S HALL ST, Princeton, Indiana 47670

  • Property Subtypes Net Leased
  • Building Size (RSF) 10,584 SF
  • Gross Building Area 10,584 SF
  • Building Name Federal Assembly
  • Building Status Existing
  • Sale Price $280,000.00 Total
  • Unit Price $26.46 per SF
  • Property Use Type Net Leased (NNN)Investment
  • Class of Space N/A
  • Sale Terms Sale/LeasebackCash to Seller
  • Cap Rate 10
  • Last Updated 3/18/2019
  • Days on Market 672 Days
  • Status sold

Overview / Comments

This is a sale/lease back transaction. Seller's will execute a new Absolute NNN Lease at closing. Ten year term with additional five year option. 10% CAP rate. No expenses for Landlord as Tenant pays all expenses and maintenance. Rent based on $2.64 per sf, $2,333 per month, $28,000 per year. Learn more at their web site: http://federalassembly.com/

Agent Notes

Great 1031 Exchange property

Additional Details

  • Tax ID/APN 26-12-07-301-002.539-028
  • Total Number of Buildings 1
  • Number of Stories 1
  • Year Built 1948-01-01 00:00:00
  • Year Renovated 2010-01-01 00:00:00
  • Tax Auth Princeton, IN, Gibson County

Transaction Details

  • Closing Date 12/10/2018
  • Price $280,000.00
  • Arms Length true

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