Listing ID : U8133034
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Structure / Lot Size
23,156 Sqft / 0.66 Acre -
Year
2003
Description
GREAT INVESTMENT! 6.5% return! Over 27,000 sqft of immaculate industrial warehouse space is now available!!! This property WILL NOT LAST!!! Additional units are: 7909,7915,7921,7927 included in the sale. 3 total parcels, 2 of the parcels have 2 units each while 1 of the parcels is vacant land. Currently, the property has 4 total income-producing units with long-term tenants; paying below-market rent resulting in a huge add-value play. The average rent is about $6 sqft. While the market is ranging from $9.50-$15 depending. Also included in the sale is a 1.36 Acer industrial property ready to be built, 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 $8.50sqft which is significantly below market for new construction industrial space. DO NOT GO TO PROPERTY! TENANTS ARE NOT AWARE OF THE SALE! PLEASE CALL THE LISTING AGENT!
Details
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Interactive
Directions to here from:
Area Information 34668
Population:
51.49%Female
41.63%Rented
12.96%Vacant
9.73%Associate
10.12%Bachelor
4.14%Graduate
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