Listed by B+E
$7,974,000
EquipmentShare | 9 AC IOS | 4% Rental Bumps | 2 AC Expansion
Details
Property Type Industrial, Land
Sub Type Distribution, Warehouse
Square Footage 18,408
Cap Rate 6.5%
NOI $517,981
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 01/05/2034
Remaining Term 7.5
Rent Bumps Yes
Lease Options 1; 3-Year
Price per SqFt $433
Year Built 1955
Year Renovated 2024
Buildings 3
Acreage 9.170
Zoning ID-1 (Industrial District)
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 01/05/2024
Ground Lease No
EquipmentShare | 9+ AC IOS | Recent 2 AC Expansion | 4% Rental Escalations
Marketing description
Exclusively Listed By:
Chris Guida | Director | 917.451.8294 | cguida@tradenetlease.com
Camille Renshaw | 646.770.0659 | crenshaw@tradenetlease.com
Investment highlights
RARE 4.00% ANNUAL ESCALATIONS | 9+ YEARS REMAINING TERM
LEADING EQUIPMENT RENTAL PROVIDER
STABILIZED & SECURED YARD SPACE
DUAL INCOME SOURCES
INDUSTRIAL OUTDOOR STORAGE (IOS)
CENTRALLY LOCATED IN NEW ENGLAND
RECENT EXPANSION, UPDATES, & REPAIRS
HIGH TRAFFIC AREA (± 149,000 VPD)
NEARBY NATIONAL TENANTS
Listing Contacts
Listed by B+E
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$517,981.00
$43,165.08/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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Property History
Tax History
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