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Cherry Street Office – Office for Sale
Property Subtypes: Net Leased, Office Building
Building Size (RSF): 21,781 SF
Gross Land Area: 0.78 Acres
Sale Price: $4,350,000
Unit Price: $199.72 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Cherry Street Office
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 8.78%
Average Occupancy Rate: 100
Last Updated: 5/21/2019
Overview / Comments
100% Leased – WESTSHORE 2-story office Bldg. Currently leased and occupied by Freedom (Anthem Inc., NYSE: ANTM) Health with approx. 175 employees, Lease expiration 12/31/21. Presently approx. 150 workstations plus 18 individual offices/IT and training rooms/break areas, etc. 4.1/1000 parking with 42 covered garage spaces.
