Listed by Sun Realty Group
$1,750,000
3818 Falcon Parkway
Details
APN 08-0500-01-005
Property Type Industrial, Mixed Use
Sub Type Multifamily, Self Storage
Cap Rate 5.42%
NOI $94,800
Occupancy 100%
Tenancy Multi
Lease Type Modified
Lease Term 4
Lease Expiration 12/18/2025
Rent Bumps No
Broker Co-Op Yes
Buildings 8
Stories 1
Acreage 3.860
Zoning HB
Parking Spaces 150 per unit
Investment Type Net Lease
Tenant Credit No Credit Rating
Lease Commencement 01/04/2022
Occupancy Date 05/21/2024
Ground Lease No
Sale Condition 1031 exchange
Multifamily | 6.49% CAP
Marketing description
6 Single Family Residential Homes. Fully rented with room to build more.Spectacular Property with Ground Lease Options and Strong Cap. Property is recently approved for outside storage. Level Corner Lot Adjacent to New Development . Ground Lease Available . Rentals in place with expansion potential.All terms negotiable. Interior entrance is available during due diligence.
Investment highlights
6 Single Family Residential Homes. Fully rented with room to build more.Spectacular Property with Ground Lease Options and Strong Cap. Property is recently approved for outside storage. Level Corner Lot Adjacent to New Development . Ground Lease Available with expansion potential. All terms negotiable. Interior entrance is available during due diligence.
Listing Contacts
Listed by Sun Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$94,800.00
$7,900.00/mo
Valuation Metrics
0
DSCR
5.42%
Cap Rate
5.42%
ROI
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