Truck Parking Lot | 94% Occupied | 10.65% Cap Rate
Seller Financing Possible: Truck Parking Lot
Marketing description
This premier truck parking lot is strategically located just off I-94, providing easy access for truckers and businesses alike. The facility features 50 well-lit spaces, all monitored by security cameras for enhanced safety. Recent installation of drain le ensures a dry and reliable parking environment. Currently, 47 of the spaces are leased for semi parking, with a flexible mix of month-to-month and annual leases in place.
A new owner has the opportunity to implement daily parking at $15 per day, further driving net opera ng income and maximizing investment potential.
Adjacent Parcel 58.417.0050 featuring an 8330 SF warehouse, 3232 SF cross dock and office, and 4812 SF new construction shop and office is also available for $1,500,000.
Partial seller financing is a possibility for a qualified buyer.
Investment highlights
41 spaces with yearly leases
5 spaces with month to month leases
1 space provided free to manager
3 vacant spaces
Partial seller financial possible for a qualified buyer
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