Description
GREAT INVESTMENT! Over 23000 sqft of immaculate industrial warehouse space is now available! The property has 4 total income-producing units with long-term tenants; paying below-market rent resulting in a huge value-add. The average rent is about $6 sqft. While the market is ranging from $9.50-to $15. Additional Parcel for Sale: 1.36 Acer industrial property ready to be built for an additional $350,000, right across the street. The estimated amount of warehouse space available for this lot is about 11,000-13,000 sqft. Conservatively projecting a $77,500 - $92,750 NOI at $8.50 sqft which is significantly below the market for new construction industrial space. *THIS VACANT LAND IS NOT INCLUDED IN LISTING PRICE* PLEASE CONTACT THE LISTING OFFICE TO EXECUTE THE NDA. UPON EXECUTION OF AN NDA; THE FINANCIAL PACKET WILL BE RELEASED. DO NOT GO TO PROPERTY! TENANTS ARE NOT AWARE OF THE SALE! PLEASE CALL THE LISTING AGENT OR THE LISTING OFFICE!
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0BEDS
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0.66ACRES
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0BATHS
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01/2 BATHS
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23,161SQFT
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$110$/SQFT
School Ratings & Info
Description
GREAT INVESTMENT! Over 23000 sqft of immaculate industrial warehouse space is now available! The property has 4 total income-producing units with long-term tenants; paying below-market rent resulting in a huge value-add. The average rent is about $6 sqft. While the market is ranging from $9.50-to $15. Additional Parcel for Sale: 1.36 Acer industrial property ready to be built for an additional $350,000, right across the street. The estimated amount of warehouse space available for this lot is about 11,000-13,000 sqft. Conservatively projecting a $77,500 - $92,750 NOI at $8.50 sqft which is significantly below the market for new construction industrial space. *THIS VACANT LAND IS NOT INCLUDED IN LISTING PRICE* PLEASE CONTACT THE LISTING OFFICE TO EXECUTE THE NDA. UPON EXECUTION OF AN NDA; THE FINANCIAL PACKET WILL BE RELEASED. DO NOT GO TO PROPERTY! TENANTS ARE NOT AWARE OF THE SALE! PLEASE CALL THE LISTING AGENT OR THE LISTING OFFICE!
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