2222-2308 W. 2nd St.
Industrial | 6.50% CAP | 24,426 SqFt
Marketing description
100% Leased Investment Sale: 24,426 SF consisting of 15 shallow-bay industrial units ranging from 975 SF to 4,401 SF.
Major $275K price reduction from $7,125,000 ($291 PSF) to $6,850,000 ($280 psf)
The project is 100% leased. 6.50% Cap Rate. The Net Operating Income (NOI) is $445,280
Investment Highlights:
* Sale Price: $6,850,000 ($280 psf)
* Total Area: 24,426 square feet
* 100% Leased (15 Units)
* Cap Rate: 6.50%
* NOI: $445,280
The property has been recently renovated, including the following:
* New Roof- TPO 60-mil (20 yr Product)
* "White-Boxed" vacant units (New Paint, LVP Office Flooring, bathroom fixtures)
* New Skylights/ Security Bars
* New Exterior Paint
* New Interior/ Exterior LED Lighting
Investment highlights
15 Unit Multi-Tenant Industrial Property
100% Leased: AIR Multi-Tenant NNN Leases
Three Separate Property Parcels
0.90 AC Parcel
20 Ground-Level Doors
New Roof- TPO 60-mil (20 yr Product)
New Skylights/ Security Bars
New Exterior Paint
New Exterior LED Lighting
Cloud Based Security Cameras
Asphalt/Concrete Repair
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