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Investment/ owner user 3120-3130 Rt-112 24,200 SF 100% Leased Retail Building Medford, NY 11763 $6,500,000 ($268.60/SF) 8.68% Cap Rate
INVESTMENT HIGHLIGHTS
- INDUSTRIAL 4 ACRE
- WAREHOUSE/RETAIL/OFFICE/PARKING.
EXECUTIVE SUMMARY
Total of 4 acre of commercial land on busy Rt.112, MEDFORD.
Owner Financing for 2.8M @ 6% for 5 year.
Vision Real estate is retained to offer this industrial property very close to LIE. Multiple options for usage.
The price is for combined three adjacent properties comprised of total 4 acre of lot size, which consists of 19,500 sqft warehouse on one lot which is currently leased for another 7 years at $15,000/ monthly Rent but can be deliver vacant at buyer request(depends on price) of 1.65 acre and other Two properties which is one storefront(vacant) and small warehouse(rented for 3800/mo. and have 9yrs lease) at rear & another 2-family house(Rented for 3800/month) sits on another 2.35 acre of lot size. Truck parking at back of property.
Projected income $564,244
Owner Financing for 2.8M @ 6% for 5 year.
Vision Real estate is retained to offer this industrial property very close to LIE. Multiple options for usage.
The price is for combined three adjacent properties comprised of total 4 acre of lot size, which consists of 19,500 sqft warehouse on one lot which is currently leased for another 7 years at $15,000/ monthly Rent but can be deliver vacant at buyer request(depends on price) of 1.65 acre and other Two properties which is one storefront(vacant) and small warehouse(rented for 3800/mo. and have 9yrs lease) at rear & another 2-family house(Rented for 3800/month) sits on another 2.35 acre of lot size. Truck parking at back of property.
Projected income $564,244
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$681,000
|
$28.14
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$681,000
|
$28.14
|
| Taxes |
$68,956
|
$2.85
|
| Operating Expenses |
$47,800
|
$1.98
|
| Total Expenses |
$116,756
|
$4.82
|
| Net Operating Income |
$564,244
|
$23.32
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $681,000 |
| Annual Per SF | $28.14 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $681,000 |
| Annual Per SF | $28.14 |
| Taxes | |
|---|---|
| Annual | $68,956 |
| Annual Per SF | $2.85 |
| Operating Expenses | |
|---|---|
| Annual | $47,800 |
| Annual Per SF | $1.98 |
| Total Expenses | |
|---|---|
| Annual | $116,756 |
| Annual Per SF | $4.82 |
| Net Operating Income | |
|---|---|
| Annual | $564,244 |
| Annual Per SF | $23.32 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
24,200 SF
Building Class
C
Year Built
1983
Price
$6,500,000
Price Per SF
$268.60
Cap Rate
8.68%
NOI
$564,244
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
4.08 AC
Zoning
M1 - Light-Industrial, Retail
L-I
Parking
538 Spaces (0.5 Spaces per 1,000 SF Leased)
Frontage
401’ on Rt-112 Rd
AMENITIES
- 24 Hour Access
- Bus Line
- Fenced Lot
- Security System
- Signage
- Storage Space
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Apartments
- Real Estate
- 1,700 SF
- $26.82
- -
- -
- Auto modification
- Services
- 1,800 SF
- $25.66
- Plus Utilities and Cleaning
- Jan 2035
- B & B Home Furnishing Ctr
- Retailer
- -
- -
- -
- Feb 2033
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Apartments | Real Estate | 1,700 SF | $26.82 | - | - | |
| Auto modification | Services | 1,800 SF | $25.66 | Plus Utilities and Cleaning | Jan 2035 | |
| B & B Home Furnishing Ctr | Retailer | - | - | - | Feb 2033 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0200-631-00-01-00-019-000 | Total Assessment | $10,430 (2024) |
| Land Assessment | $1,650 (2024) | Annual Taxes | $68,956 ($2.85/SF) |
| Improvements Assessment | $8,780 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
0200-631-00-01-00-019-000
Land Assessment
$1,650 (2024)
Improvements Assessment
$8,780 (2024)
Total Assessment
$10,430 (2024)
Annual Taxes
$68,956 ($2.85/SF)
Tax Year
2025
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Investment/ owner user | 3120-3130 Rt-112
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