Savio Realty, LLC
Listed by Savio Realty, LLC
$1,920,000
Northrup Industrial Park
Details
Property Type Industrial
Sub Type Distribution, Manufacturing
Square Footage 28,124
Net Rentable (SqFt) 28,124
Units 5
Cap Rate 9.97%
NOI $191,479
Tenancy Multi
Price per SqFt $67
Broker Co-Op Yes
Buildings 2
Stories 2
Lot Size (SqFt) 26,668
Zoning K
Parking Spaces 10 spaces
Parking per 1,000 SqFt 0.36
Investment Type Redevelopment
Industrial | 9.97% CAP | 28,124 SF
Marketing description
Prime Location on The Hill, ZONED K, unrestricted, including Outdoor Storage!
Two buildings sitting on 1.35 acres of office/warehouse development.
Investment highlights
Two buildings sitting on 1.35 acres of office/warehouse development.
26,100 sf with 4 tenants
2024 sf with 1 tenant.
Fully leased NNN
New roof on majority of building.
3 phase electric, 1 overhead door, some ADA compliance with elevator.
Development can be sold as a package with 5017 Northrup Avenue
Zoned K located on the infamous Hill neighborhood at Kingshighway and I-44
Listing Contacts
Savio Realty, LLC
Listed by Savio Realty, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$191,479.00
$15,956.58/mo
Valuation Metrics
0
DSCR
9.97%
Cap Rate
9.97%
ROI
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