Listed by SNSHN Realty LLC
$1,384,000
5201 W Clinton Ave 5203
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 28,504
Units 1
Cap Rate 6.00%
NOI $84,600
Occupancy 100%
Price per SqFt $49
Year Built 1960
Buildings 1
Zoning IL1
Sale Condition For sale by owner
Industrial | 6.00% CAP | 28,504 SqFt
Marketing description
Strategic Industrial Investment with massive income upside! Secure 28,504 SF of prime industrial space with 100% occupancy and a "built-in" value-add play. Currently rented at $3.16/SF NNN, this property offers an investor the unique ability to reset rents to the market standard of ~$5.50/SF within the next 18 months. This transition is projected to drive the cap rate from 6.03% to over 9.5%, potentially increasing the asset’s valuation by over $400k. Two parcels totaling 2.44 acres which also add development opportunity.
Listing Contacts
Listed by SNSHN Realty LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,600.00
$7,050.00/mo
Valuation Metrics
0
DSCR
6.11%
Cap Rate
6.11%
ROI
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