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Albion Mills Retail Park Ings Rd 55,940 SF 100% Leased Retail Building Wakefield WF2 9SA $12,955,163 ($231.59/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Good raod links
- Close proximity to local amenities
- Good transport links
EXECUTIVE SUMMARY
Offers in excess of £9,720,000 (Nine Million Seven Hundred and Twenty Thousand Pounds), exclusive of VAT. A purchase at this level reflects a 7.50% Net Initial Yield, assuming the purchaser’s costs of 6.69%. The property comprises an attractive purpose-built retail warehouse scheme consisting of two units, extending to 55,940 sq ft GIA
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
55,940 SF
Building Class
C
Year Built
1991
Price
$12,955,163
Price Per SF
$231.59
Cap Rate
7.50%
NOI
$971,637
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.85
Lot Size
1.51 AC
Parking
183 Spaces (3.27 Spaces per 1,000 SF Leased)
Frontage
373’ on Ings Road
AMENITIES
- Security System
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
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NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Albion Mills Retail Park | Ings Rd
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