Listed by Lieberman Earley & Company
$1,735,500
633 Jones Ave
Details
Property Type Office, Industrial
Sub Type Warehouse, R&D
Square Footage 7,000
Net Rentable (SqFt) 4,500
Units 1
Cap Rate 6.50%
NOI $104,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 3
Lease Expiration 07/31/2029
Remaining Term 3
Rent Bumps Yes
Lease Options 2
Price per SqFt $243
Class C
Year Built 2004
Year Renovated 2017
Buildings 1
Stories 1
Acreage 0.140
Zoning LI- Limited Industrial
Parking Spaces 24 spaces
Parking per 1,000 SqFt 3.43
Tenant Credit Corporate Guarantee
Lease Commencement 08/01/2026
Ground Lease No
Ceiling Height 20
Sale Condition Sale for leaseback
Owner Occupied Flex/Warehouse Available for Lease or Sale. occupancy within 60 days
Marketing description
A flex/warehouse adjacent to the Merck Pharmaceuticals Camps, this open floor plan space includes bathroom, shower, and locker rooms, and an office on the 2nd level. PLCB approved for climate controlled storage, the building is 20 ft. clear.
Investment highlights
- Sale Price: $1,735,500
- Flex/Warehouse
- Adjacent to the Merck Pharmaceuticals Campus
- Open floor plan
- Bathroom/Shower/Locker room
- Office on the second level
- PLCB approved, climate controlled storage
- 20' Clear
- 300 amp/240 v 3 Phase
Listing Contacts
Listed by Lieberman Earley & Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$104,000.00
$8,666.67/mo
Valuation Metrics
0
DSCR
5.99%
Cap Rate
5.99%
ROI
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