Metropolitan Holdings LTD
Listed by Metropolitan Holdings LTD
$1,150,000
Humphries Commerce Center
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 11,000
Net Rentable (SqFt) 11,000
Cap Rate 7.20%
Occupancy 100%
Tenancy Multi
Lease Type Modified
Broker Co-Op No
Class C
Buildings 3
Stories 1
Zoning GB-1
Investment Type Value Add
Ownership Family Trust
Industrial | 7.20% CAP | 11,000 SqFt
Marketing description
Family Trust owned multi-tenant contractor/business investment for sale. Curb offers only, NDA required for release of financial information. Due diligence period allowed once a mutually agreed contract is executed. Candidate for 1031 exchange.
Investment highlights
Multi-tenanted smaller warehouse space in the path of development with an outside storage component. Shared access easement with lot to the north. Cell tower on lot does not produce any income. Leases contain language that allow owner to increase rents with expense increases. Cap rate based discussions with owner on estimate of income and expenses and subject to audit.
Listing Contacts
Metropolitan Holdings LTD
Listed by Metropolitan Holdings LTD
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