Listed by DIRT Realty
$4,650,000
James P Cole Industrial Park
Details
Property Type Industrial
Sub Type Distribution, Manufacturing
Square Footage 117,154
Net Rentable (SqFt) 117,154
Cap Rate 8.09%
NOI $376,335
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Expiration 12/31/2028
Remaining Term 2.6
Pro-Forma Cap Rate 9.29%
Pro-Forma NOI $432,000
Price per SqFt $40
Class B
Year Built 1990
Year Renovated 2021
Buildings 4
Stories 1
Acreage 8.000
Zoning heavy industrial
Investment Type Stabilized
Tenant Credit Credit Rated
Occupancy Date 02/01/2016
Ground Lease No
Ceiling Height 18
Loading Docks 11
Dock High Doors 7
Industrial NNN Stabilized | 8.05% CAP | 117,154 SF
Marketing description
Opportunity Zone Industrial Park, over 6 acres, with subdivided 2 industrial buildings, 2 flex office buildings on 4 parcels, fully leased and recently renovated. Credit NNN tenants. Incredible opportunity with new construction surrounding at $8.75/sf NNN leases, our tenants are below market at $4-5.50. Can you say “Upside”?
Investment highlights
Opportunity & HUB Zone
Heavy Industrial Park, over 8 fenced secure acres, with subdivided 4 industrial buildings on 4 parcels,
fully leased and recently renovated.
Credit NNN tenants.
Incredible opportunity with new construction surrounding at $8/sf NNN leases, our tenants are below market at $4-5.50. Can you say “Upside”?
Listing Contacts
Listed by DIRT Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$376,335.00
$31,361.25/mo
Valuation Metrics
0
DSCR
8.09%
Cap Rate
8.09%
ROI
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