Asking Price: $2,500,000 Gross Revenue: Not DisclosedNet Operating Income: Not DisclosedFF&E: Not Disclosed included in asking priceBuilding Sq. Ft.: Not DisclosedPrice/Sq. Ft.: Not DisclosedShare this business:
Explanation of Financial Terms
The total asking price of the property for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Net Operating Income
Net Operating income (NOI) equals operating revenue less operating expenses.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
714 Lofts is a staple of the downtown Waco culture. The highly photographed “green door” property is located on the popular Austin Avenue and within a block of the famous Hippodrome. Tenants are within walking distance of restaurants/bars and commerce. Designed by the RBDR Architectural firm (http://www.rbdrarchitects.com/projects/multifamily-714-lofts.html), the custom features throughout are of designer quality and unique to the property. All cabinetry/wood work and special glass features were crafted and installed by Stanton Studios (http://stantonstudiostx.com/portfolio-posts/714-loft-living/) , With a 12,368 SF footprint the property offers a gated garage for tenants along with common areas including a pool. Units include: 5 one bedroom units, 2 two bedroom units, one three bedroom unit, and one four bedroom unit with a study.
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