Listed by Funk Group
$3,100,000
Creedmoor Boat & RV Storage
Details
APN 508687
Property Type Business for Sale, Industrial
Sub Type Business and Building
Units 238
Cap Rate 7.26%
NOI $225,000
Occupancy 72%
Pro-Forma Cap Rate 7.81%
Pro-Forma NOI $242,000
Class B
Acreage 10.000
Zoning Industrial
Investment Type Value Add
Ground Lease No
Boat & RV Storage Business for Sale
Marketing description
Operating and growing investment with considerable year over year increases in revenue and occupancy. Additional covered spaces could be converted and added to increase the top-line potential revenue.
Investment highlights
Growing Boat & RV Storage facility. Occupancy is now up to 83%. NOI is improving monthly as well. Cap Rate estimated at 7.25%
Listing Contacts
Listed by Funk Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$225,000.00
$18,750.00/mo
Valuation Metrics
0
DSCR
7.26%
Cap Rate
7.26%
ROI
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