Listed by Adam Conrad
$699,000
1917 9th Avenue
Details
APN 1.06-09-009, 010, 013
Property Type Industrial
Sub Type Manufacturing, Warehouse
Square Footage 15,000
Net Rentable (SqFt) 15,000
Cap Rate 8.58%
NOI $60,000
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 5
Lease Expiration 03/31/2029
Remaining Term 2.8
Lease Options Yes
Pro-Forma Cap Rate 8.23%
Pro-Forma NOI $57,500
Price per SqFt $47
Broker Co-Op Yes
Year Built 1980
Buildings 2
Stories 1
Acreage 1.030
Zoning Industrial
Investment Type Net Lease
Lease Commencement 04/01/2024
Occupancy Date 04/01/2024
Ceiling Height 19
Loading Docks 3
Dock High Doors 14
Sale Condition For sale by owner
Industrial | 8.58% CAP | 15,000 SF
Marketing description
Income producing, tenant occupied and zoned industrial. Current tenant on a five year lease until March 31, 2029.
Investment highlights
Tenant pays all utilities and taxes.
Listing Contacts
Listed by Adam Conrad
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,000.00
$5,000.00/mo
Valuation Metrics
0
DSCR
8.58%
Cap Rate
8.58%
ROI
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