Listed by Cushman & Wakefield | Boerke
$675,000
1913 Melvin Avenue
Details
APN 276-00-00-20936-003
Property Type Industrial
Sub Type Warehouse
Square Footage 5,757
Cap Rate 8.00%
NOI $60,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 10/30/2026
Remaining Term 2.7
Rent Bumps Yes
Lease Options None
Year Built 1983
Buildings 1
Acreage 1.760
Zoning I-2 General Industrial
Parking Spaces 31 spaces
Parking Per SqFt 5.38
Investment Type Net Lease
Lease Commencement 10/31/2023
Ground Lease No
Ceiling Height 16'
Dock High Doors 9
Industrial | 8.00% CAP | 5,757 SqFt
Marketing description
For Sale
Investment highlights
- Building Size 5,757 SF
- Office SF 1,605 SF
- Lot Size 1.76 AC
- Zoning I-2 General Industrial
- Tax Key 276-00-00-20936-003
- Year Built 1983
- Construction Concrete Block
- Clear Height 16' Minimum
- Drive Through Bays 3
- Drive-Ins 6
- Power 600A 480/277V 3 Phase Service
- 400A 240V 3 Phase Service
- Parking 12 Semi Trailer, 10 Semi Truck, 9
- Automotive (all expandable)
- Assessed Value (2024) $247,800
- Taxes (2024) $6,005.17
- Sale Price $675,000
Listing Contacts
Listed by Cushman & Wakefield | Boerke
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$60,000.00
$5,000.00/mo
Valuation Metrics
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DSCR
8.89%
Cap Rate
8.89%
ROI
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