$2,500,000
Grand Ave Industrial
Details
Property Type Industrial, Land
Sub Type Distribution, Commercial
Square Footage 16,000
Net Rentable (SqFt) 16,000
Units 2
Cap Rate 8.00%
NOI $10,000
Occupancy 100%
Price per SqFt $156
Year Built 1960
Year Renovated 2024
Buildings 1
Stories 1
Acreage 2.000
Zoning I3 Industrial
Investment Type Sale/Leaseback
Occupancy Date 01/31/2021
Ceiling Height 11.5-22
Sale Condition For sale by owner
Industrial | 8.00% CAP | 16,000 SqFt
Marketing description
16,000 sf warehouse - Sale Rent Lease - 13.5' Drive-in Door, 10 ton crane, Flammable waste trap
6,100 sf of warehouse with 22+ foot tall ceilings and 10 Ton crane that spans the whole warehouse
10,000 sf of office/warehouse with 11 foot high ceilings
1,300 SF office area
Concrete floor is 8 inches thick
Tall drive-in door 13.5 feet tall by 12 feet wide
2,500 SF outdoor storage area behind building
2 Drive-in doors
4 bathroom stalls
Video Surveillance system
Whole building is air conditioned and heated
480 volt 3 Phase power distributed throughout the building
5 bedroom home producing $2,000 per month in rental income included on the property
2 acres of land
Working solar system on roof
New asphalt parking lot and driveway Fall 2021
Investment highlights
Seller potentially willing to leaseback property
Listing Contacts
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$10,000.00
$833.33/mo
Valuation Metrics
0
DSCR
0.4%
Cap Rate
0.4%
ROI
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