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Investment Highlights
- Upgraded Throughout and Well-Maintained
- ADA Compliant
- Power = twin 200amps (total 400) / 3 Phase Service
- Efficient Wide Loading Dock
- Triple Net Lease Back with successful operating business occupant
- Area and Optional Use: Manufacturing, Industrial, Warehouse, Office Use, Retail, and/or a Combination of Uses
Executive Summary
Investment Opportunity with Leaseback! Excellent location for a Industrial use; Warehouse use; Commercial and Retail use; Manufacturing use, an/or Industrial use. Seller is Offering a 5-Year Lease-Back (with a personal guarantee) with an optional 'additional' 5-Year Lease-Back. Excellent Cap Rate on this high-quality upgraded and well-maintained building with ADA compliant access. This 4225 sq.ft. building also offers generous storage areas that are easily accessed by the efficient and streamline commercial loading and unloading dock with wide doors for large equipment. This property is currently used a an infused product manufacturing. This building provides high-quality warehouse solutions that enhance operational efficiency for businesses in various industries. Recent upgrades include, but not limited to: Building and parking; ADA compliant entry ramp + 2 ADA bathrooms + ADA parking; central heat & air in office square footage; (production areas) have mini split units installed; Power = twin 200amps (total 400) with three phase service. This Triple Net Leaseback Investment property offers advantages such as predictable cash flow, reduced management responsibilities, and long-term security with credit-worthy tenants. Inquire today!
Property Facts
| Price | $595,000 | Lot Size | 0.36 AC |
| Price Per SF | $140.86 | Rentable Building Area | 4,224 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 10.08% | Year Built | 1956 |
| Sale Condition | Sale Leaseback | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 4.5/1,000 SF |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 1 |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | I-2 - LOTS 10, 11 + 12 BLK 19 THATCHER + THOMAS ADD | ||
| Price | $595,000 |
| Price Per SF | $140.86 |
| Sale Type | Investment |
| Cap Rate | 10.08% |
| Sale Condition | Sale Leaseback |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 0.36 AC |
| Rentable Building Area | 4,224 SF |
| No. Stories | 1 |
| Year Built | 1956 |
| Tenancy | Single |
| Parking Ratio | 4.5/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
| Opportunity Zone |
Yes |
| Zoning | I-2 - LOTS 10, 11 + 12 BLK 19 THATCHER + THOMAS ADD |
Amenities
- Bio-Tech/ Lab Space
- Controlled Access
- Cooler
- Floor Drains
- Security System
- Wheelchair Accessible
- Reception
- Storage Space
- Air Conditioning
- Smoke Detector
- Breakroom
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Electric
1 1
Walk Score®
Very Walkable (79)
Property Taxes
| Parcel Number | 0-5-25-3-29-004 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $38,950 |
Property Taxes
Parcel Number
0-5-25-3-29-004
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$38,950
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