This building exemplifies “Historic Nouveau,” a term coined by Jericho Development, referring to the seamless blending of a distinctly contemporary building design into its historic urban context. After being destroyed by fire and wind, this 10,000 square foot building has been nearly fully occupied since its reconstruction in 1998, and is the first success story for Jericho Development Company. Just footsteps away from a multitude of restaurants, galleries and retail shops, this is the place to be if you love downtown.
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333 E. Walnut, Suite 100 – LEASED – Pickleman’s Gourmet Café
333 S. Jefferson, Combined Suites 100 and 104 - AVAILABLE
This space is 4625 sf plus 420 sf of elevated storage. We only charge half the rent for the storage space. The rent per month is $3950 per month NNN with annual CPI increases. At 4835 SF this calculates to a price of $9.80 psf NNN. Estimated NNN charges are $900/mo ($2.23 psf) and estimated utilities are $600/mo ($1.50/sf) for total estimated total charges of $5450/mo ($13.53 psf).
333 S. Jefferson, Suite 200 - LEASED – Advanced Sleep Technologies https://advsleep.com
We don’t believe it is fair for our tenants to be locked into predefined rent increases at the end of each lease term. These increases are usually calculated at a 3% annual increase to base rent to protect the owner’s financial risk. As a result, tenants often face a 9-12% jump in rent at the end of a three or five year lease term in order to renew for the next lease period.
Rather than using this one-sided methodology, we provide leases that adjust annually based on the change in the US-CPI-U with a 3% maximum increase and a 0% floor. This method has resulted in an average annual rent increase to our tenants in the past ten years of only 1.1 percent per year. This is by far a fairer approach to the tenant and fosters a longer term partnership between us and our tenants.
Traffic count = 8410 (2010/2011) Population w/in 1 mile = 17,156, median age = 25
Corner Lot, Downtown Area, City Street Frontage, Handicap Accessible On Street Parking (50+ unrestricted stalls on Walnut and McDaniel, between Jefferson and Kimbrough, other time-restricted or paid parking available)
Brick construction with 10.1-15 feet ceiling heights, and Inside Storage Tenant Pays Utilities - City Sewer and Water, City Utilities Gas and Electric 3 Central Air Cooling/Gas Heating units, Electric Water Heater SpringNet (high speed internet) on premise BUILDING CLASS: B