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Cascade Building 1213 Cascade Dr 9,400 SF Industrial Building Twisp, WA 98856 $1,395,000 ($148.40/SF) 6.97% Cap Rate



INVESTMENT HIGHLIGHTS
- The lease has been renewed 5 times on 5yr lease terms for the last 25 years plus from Garda Securities a Multi Billion International Company
- Fenced in 1.5 acre compound with 12 outside large covered parking for big trucks as well as extensive additional parking and storage
- There are 9 individual insulated well lit units that could be rented separately at potentially much higher rates should Garda ever move
- The current lease is up for renewal before April 26 and the new owner can raise the rates to current market rates to get to a cap rate of 7.5 -8.5%
- Owner financing available 1/3 down owner carry up to 3 years at 5.5% interest only with a balloon payment
EXECUTIVE SUMMARY
Currently lease expires the end of March 26 the current through that period is $7000 per month. There are 9 separate units plus extensive covered parking within the 1.5 acre covered compound to generate additional revenue which has lots of potential to significantly increase revenue by renting them individually.There is also Owner financing available with a reasonable down a and interest only at 5% for 3 years. Call me for details John Mc Namara 509 322 1402. This is a unique property in a unique area ,basically a private compound staging area with commercial kitchen and a 12 ft walk in cooler.It was used as a staging area over the years in the NorthWest to support large scale forest service fire camps. The lease rate could generate much higher revenue by individually leasing out the 9 separate units and renting outside covered storage inside the 1.5 ac compound. Its also ideal for a large government or non government enity who needs large scale indoor and out door storage at a reasonable price.These large scale properties are rarely available.
PROPERTY FACTS
| Price | $1,395,000 | Lot Size | 1.50 AC |
| Price Per SF | $148.40 | Rentable Building Area | 9,400 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.97% | Year Built | 1984 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 1.7/1,000 SF |
| Building Class | B | ||
| Zoning | C - commercial Industrial | ||
| Price | $1,395,000 |
| Price Per SF | $148.40 |
| Sale Type | Investment |
| Cap Rate | 6.97% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.50 AC |
| Rentable Building Area | 9,400 SF |
| No. Stories | 1 |
| Year Built | 1984 |
| Tenancy | Single |
| Parking Ratio | 1.7/1,000 SF |
| Zoning | C - commercial Industrial |
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
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Cascade Building | 1213 Cascade Dr
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