Listed by Lockard Realty
$189,900
106 E 9th St
Details
Property Type Industrial
Sub Type Distribution, Flex
Square Footage 4,475
Net Rentable (SqFt) 4,475
Units 2
Cap Rate 9.48%
NOI $18,000
Occupancy 100%
Tenancy Vacant
Lease Type NN
Lease Term 0.9
Lease Expiration 12/31/2025
Price per SqFt $42
Broker Co-Op Yes
Class C
Year Built 1945
Year Renovated 2
Buildings 1
Stories 1
Lot Size (SqFt) 9,700
Zoning c
Parking Spaces 25 spaces
Parking Per SqFt 5.59
Investment Type Stabilized
Lease Commencement 02/01/2025
Occupancy Date 07/27/2024
Ceiling Height 12
Ownership MICHAEL & SHERIE TAYLOR
Sale Condition For sale by owner
Industrial building available perfect for storage or a small business
Marketing description
Industrial building available for storage or mechanic shop. This building is conveniently located near major highways for easy access. Back of the building is a mechanics dream with multiple garage doors available to park cars inside. Front of the building can be setup for a business and has recently had a new metal roof installed. Property is currently rented for $1500 a month which makes this building ideal for investors.
Investment highlights
Perfect for a small business or storage.
Listing Contacts
Listed by Lockard Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$18,000.00
$1,500.00/mo
Valuation Metrics
0
DSCR
9.48%
Cap Rate
9.48%
ROI
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