Commercial - For Sale
7,450,000 USD
Size: 26,507 sqf
Plot size: 0.46 Acre
Grand Cayman, George Town

Commercial · For sale · 7,450,000 USD · 26,507 sqf

Sold with all office space leased offering an excellent 9%± return increasing 4th floor is leased and up to 20%+ if leveraged! Landlord motivated. Excellent opportunity for a strong, long-term return. Attractive five-story office building in prime George Town location on the corner of Fort and Mary Street close to courthouses and all central amenities. The 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. Safe investment offering a strong, guaranteed ROI and long-term appreciation. Class A Bank Financing Available 15 year term, 65% LTV. LATEST: Anchor Tenant Maitland's Lease has been renewed. IRG will stay on as managers and leasing agents if purchaser wishes.