
SouthCore Real Estate LLC
Listed by SouthCore Real Estate LLC
$292,000
101 Davis Street S
Details
APN 000DD/00002/020
Property Type Special Purpose
Square Footage 6,000
Units 1
Cap Rate 7.50%
Occupancy 100%
Lease Term 5
Lease Expiration 12/31/2030
Year Built 1987
Acreage 0.840
Parking Spaces 11 spaces
Parking Per SqFt 1.83
Special Purpose | 7.50% CAP | 6,000 SqFt
Marketing description
Attention commercial investors! This is a 6,000 sf office/warehouse building leased to DXP Enterprises, Inc. which is a publicly traded industrial supply company with over $1 billion in revenues and over 3,200 employees. The lease has over 5 years remaining and the pro-forma NOI is $21,888 reflecting a 7.5% cap rate. The interior office space was recently renovated and the building is in very good condition. The offering includes the adjoining land parcel located at 706 W. Broad Avenue. Excellent opportunity for a 1031-exchange.
Listing Contacts

SouthCore Real Estate LLC
Listed by SouthCore Real Estate LLC
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