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NNN Leased Industrial Facility 36 Bellair Ave 73,436 SF 100% Leased Industrial Building Warwick, RI 02886 For Sale 7.80% Cap Rate
Investment Highlights
- 73,436 SF Multi-Tenant Industrial Building
- Recently Replaced Rubber Membrane Roof
- Long Term Rent Growth Market
- 100% NNN Leased - 3 Tenants
- Going In NOI - $545,000 w/Rent Increases
- Exceptional Central Location Along I-95 Corridor
Executive Summary
36 Bellair Avenue is a 73,436 square foot multi-tenant industrial building, situated on 2.52 acres and well located near TF Green airport with exceptional access to I-95. The building consists of 16'8"-17' 4" clear ceiling heights with multiple dock positions accommodating each tenant leasing within the premises. A new rubber membrane roof was installed on a significant portion of the roof in 2022. The premises consists of (3) tenants and a rooftop solar lease generating an NOI of $545,000.
Property Facts
| Sale Type | Investment NNN | Rentable Building Area | 73,436 SF |
| Cap Rate | 7.80% | No. Stories | 1 |
| Sale Condition | Sale Leaseback | Year Built | 1940 |
| Property Type | Industrial | Parking Ratio | 0.45/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 16’8” |
| Building Class | B | No. Dock-High Doors/Loading | 6 |
| Lot Size | 2.60 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | GB - General Commercial Business. | ||
| Sale Type | Investment NNN |
| Cap Rate | 7.80% |
| Sale Condition | Sale Leaseback |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.60 AC |
| Rentable Building Area | 73,436 SF |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 0.45/1,000 SF |
| Clear Ceiling Height | 16’8” |
| No. Dock-High Doors/Loading | 6 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | GB - General Commercial Business. |
Amenities
- Reception
- Air Conditioning
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Shared office space includes up to five offices, a shared conference room, a private kitchen area, and the option for a front desk greeting area if desired. Below market rent, which includes utilities. Plenty of on-site parking for staff and customers.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 1,800 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 1,800 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 1,800 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Shared office space includes up to five offices, a shared conference room, a private kitchen area, and the option for a front desk greeting area if desired. Below market rent, which includes utilities. Plenty of on-site parking for staff and customers.
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,438,300 | |
| Land Assessment | $349,300 | Total Assessment | $2,787,600 |
Property Taxes
Parcel Numbers
Land Assessment
$349,300
Improvements Assessment
$2,438,300
Total Assessment
$2,787,600
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NNN Leased Industrial Facility | 36 Bellair Ave
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