121-125 Clement Street is a three unit mixed-use property consisting of one retail commercial space and two full floor residential flats. The commercial space recently benefited from extensive tenant improvements and renovations. It is occupied by Color Me French Preschool with a lease expiring April 2021 with two, three (3) year options to extend. The residential flats consist of one 3BR apartment and one 4BR apartment. The two residential units are master leased at a rate of $7,250 per month. This is a turn-key investment that requires very little management and has a low expense ratio. Offered at a 4% + cap rate.
Listing Courtesy of: Marcus & Millichap, Nicholas Bonn
Buyer represented by Nicholas E. Bonn at Marcus & Millichap
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