$2,300,000

About This Property

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!

infoProperty Details

Property Type

Warehouse

Year Built

2003

Living Area

23,161 sqft

Lot Size

0.66 acres

Bathrooms

0

Ownership

Corporation

Days on Market

120

Cumulative DOM

340

List Date

chairInterior Features

yardExterior & Lot

Listed By

BROKERS INTERNATIONAL REAL ESTATE

813-549-7653

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