4-SUITE RETAIL/OFFICE · INVESTMENT/OWNER USER

Overview

2715 4th Street NW is a ±2,400 SF, four-suite retail/office property offering in-place income, recent capital improvements, and owner-user flexibility. The property is 100% leased at $3,936/month ($47,232/year) with tenants paying utilities, water, trash, CAM and landscaping. Current NOI of $39,025 delivers a 7.50% cap at thelist price; rolling all four suites to $24.00/SF as leases renew takes income to $57,432 and NOI to $49,225 — a 9.47% pro forma cap and 26.1% NOI growth. An owner-user occupying Suite 1 (±768 SF, two private offices, waiting area, breakroom, two bathrooms) keeps three leased suites producing $2,570/month, bringing net occupancy cost to roughly $342/month after principal paydown — about $835/month cheaper than leasing comparable space. Recent improvements include a new roof, fresh paint, and brand-new evaporative coolers on all four suites. Locatedon the 4th Street corridor at ±15,566 VPD, one block from a ±300-unit Class B+ apartment development now underway.