Listed by Realty Professionals
$725,000
125 S Westplex Ave
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 8,500
Cap Rate 5.68%
NOI $41,198
Occupancy 100%
Tenancy Single
Lease Type Net
Lease Term 6
Lease Expiration 06/25/2027
Remaining Term 1.1
Price per SqFt $6
Class B
Year Built 1997
Buildings 1
Stories 2
Acreage 5.100
Zoning Light Industrial
Parking Spaces 16 spaces
Parking Per SqFt 1.88
Investment Type Net Lease
Lease Commencement 06/26/2021
Ceiling Height 20
Industrial | 5.68% CAP | 8,500 SF
Marketing description
8500 sq.ft. zoned for light industrial 6000 SF production/shop area with 2500+/-SF office space, near westside for sale. 1.5 miles from I69 and 1 mile from Downtown Bloomington. Currently leased to a long term tenant until June 25th, 2027 with no options to renew. The yearly rent is $6/SF or $4,250/monthly plus taxes, ins, and CAMS which is over a 7% cap rate! Seller is Licensed Broker in Indiana.
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Listed by Realty Professionals
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$41,198.00
$3,433.17/mo
Valuation Metrics
0
DSCR
5.68%
Cap Rate
5.68%
ROI
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