RETAIL STRIP CENTER
LOCATION: Culpeper, VA 22701
DESCRIPTION: One Story Building with 9 units and 547 parking spaces. LOT SIZE: 997,088 sq. ft.
BUILDING SIZE: 95,447 sq. ft.
TENANTS PAY: Own Utilities
RENT Roll (includes contributions): $1,112,345.00
OPERATING EXPENSES:
Real Estate Tax: $96,573.00
Insurance: $33,182.49
Gas & Electric: $7,580.00
Water & Sewer: $9,868.00
Rubbish Removal: $5,774.00
Cleaning: $6,720.00
Exterminating: $546.00
Landscaping: $6,000.00
Misc. Repairs: $2,368.00
TOTAL OPERATING EXPENSES: $168,611.49 NET OPERATING INCOME: $943,733.51 PRICE: $14,750,000.00
CAP: 6.40%
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NOTES:
Inspection of property by appointment only. Do not disturb tenants.