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GEORGE TOWN FINANCIAL CENTER - 5 YEAR LEASEBACK - 9% ROI , Grand Cayman

MLS#: 405867
LISTING TYPE: Commercial
US$7,495,000
Square Feet
26507
YEAR BUILT
1990

PROPERTY DETAILS

  • Property Type: Commercial
  • Status: Current
  • Foundation: Slab
  • Zoning: Commercial
  • Furnished: No
*Disclaimer: CIREBA uses a conversion rate of KYD 0.82 to US 1.00. It is important to check with your local real estate agent or financial institution as the KYD/USD exchange rate may differ when purchasing real estate in the Cayman Islands.

PROPERTY ENQUIRY

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Property Description

Office space 100% leased with floors 2,3 and 4 on a five year leaseback. Maitland have just renewed their 5th floor lease.

Excellent initial 8.40% return increasing to 9.34% in year 4 and up to 18.5% if leveraged. Landlord motivated. Excellent opportunity for a strong, long-term return.

Attractive five storey office building in prime George Town location on corner of Fort and Mary Street close to court houses and all central amenities. Building was totally renovated after Hurricane Ivan to the highest storm-resilient standards, with new impact rated glazing system, a full back-up generator and emergency water supply via the basement cistern. Building elevation of 11' above mean sea level is well above flood plain providing additional security. Interiors are well fitted and well-sized floor plates and building location attract a wide range of high quality tenants. Four storeys of office space, ground floor lobby leading to covered executive parking and basement storage units.

Safe investment offering a strong, guaranteed ROI and long-term appreciation opportunity.

Bank Financing Possible.

CONTACT AGENT

Broker/owner
Company:
INTERNATIONAL REALTY GROUP
Office:345-623-1111
Cell:345-525-9900
Email:jeremy@irg.ky
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