Listed by DIRT Realty
$599,000
1809 James P Cole
Details
Property Type Industrial
Sub Type Flex, Manufacturing
Square Footage 17,004
Net Rentable (SqFt) 17,004
Units 3
Cap Rate 5.84%
NOI $34,978
Occupancy 40%
Tenancy Multi
Lease Type Modified
Rent Bumps Yes
Pro-Forma Cap Rate 19.87%
Pro-Forma NOI $119,028
Price per SqFt $35
Class B
Year Built 1995
Year Renovated 2013
Buildings 1
Stories 1
Zoning heavy industrial
Parking Spaces 25 per unit
Tenant Credit Corporate Guarantee
Industrial Office and Lab | 4.12% CAP | 17,004 SF
Marketing description
Pro forma income should exceed 14 cap rate when fully leased. Perfect for owner occupant who needs 7-10,000 sq foot. The current tenant is a long term and strong credit franchise user. This office building is corporate high quality - former Dupont Corporation HQ in Flint. The riverside location is scenic with tremendous upside as lab, R&D or small warehouse potential as well.
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Listed by DIRT Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$34,978.00
$2,914.83/mo
Valuation Metrics
0
DSCR
5.84%
Cap Rate
5.84%
ROI
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