Listed by JBK Enterprises, JBK RE & Brokerage, LLC
$776,500
1224 Oak St
Details
Property Type Industrial, Office
Sub Type Manufacturing, Shopping Center
Square Footage 7,780
Units 3
Cap Rate 8.50%
NOI $66,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 3
Lease Expiration 10/31/2026
Remaining Term 3
Rent Bumps Yes
Lease Options 2
Pro-Forma Cap Rate 8.50%
Pro-Forma NOI $66,000
Price per SqFt $100
Broker Co-Op Yes
Class B
Year Built 1982-2016
Year Renovated 2017
Buildings 3
Stories 1
Acreage 5.300
Zoning LI
Parking Spaces 45 spaces
Parking Per SqFt 5.78
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/2023
Occupancy Date 09/01/2023
Ownership Fee Simple
Industrial | 8.50% CAP | 7,780 SF
Marketing description
For Sale with a new Triple Net Lease in Place with Valence Chemical, Inc. Term started Sept 1, 2023 and runs through Oct 31 2026. 3 buildings consisting of an Office Space, Shop/Warehouse, and Lab Spacing on a 5.3 acre yard.
Investment highlights
- 7,780 Sf Shop / Office With 5.3 Acres Fenced & Stabilized
- Located in Great O&g Service Area for Logistics, Maintenance, & Storage Facilities
- Easy Access to Major Thoroughfares
- Electronic Remote Gate Access
- 12 X 14 Roll Up Doors
- Water Purification / House
- Modern Office Buildout With Private Offices, Bull Pen, Lab Area, Break Room, Large Restrooms (Shower Ready), Large Mezzanine Storage
- 4 Drive Thru Overhead Doors
- City Services
- CCTV Monitoring of Property
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$66,000.00
$5,500.00/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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