This building was completed in 2012 for Barraclough & Associates who has always occupied the entire building. B&A has recently been acquired by Carr, Riggs & Ingram, LLC, the national accounting firm. There is a fresh five year lease in place with Carr, Riggs & Ingram. There are two - five year options for renewal with full, aggregate, CPI increases effective at the renewal junctures. The annual NOI on the property is $116,386. Tenant pays all utilities, real estate taxes, Common Area Maintenance. Landlord pays real estate insurance, HVAC maintenance, roof and structural. This is a very clean investment and the asset is in excellent condition.
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