Listed by Coldwell Banker Associated Brokers Realty Murrieta
$1,990,000
8 unit Commercial Real Estate For Sale
Details
Property Type Industrial
Sub Type Manufacturing
Square Footage 16,000
Units 8
Cap Rate 3.34%
NOI $66,485
Occupancy 88%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 8.56%
Pro-Forma NOI $170,284
Price per SqFt $124
Class A
Year Built 1991
Stories 1
Lot Size (SqFt) 30,056
Zoning M1
Parking Spaces 25 spaces
Parking per 1,000 SqFt 1.56
Investment Type Net Lease
Ground Lease No
Sale Condition 1031 exchange
Investors ready to go property! This is a stick built stucco light industrial building with 8 units.
Marketing description
Investors come and see this ready to go property!! This is a stick built stucco light industrial building with 8 units. Each Unit is 2000 Sqft. And has its own office, bathroom, separate office entry and 12ft. Roll up door entry to the shop area. This building is Zoned M1 for all your industry needs. The complex has its own parking lot and area for multiple parking spots. The complex is completely leased out and generates a healthy return. Each unit is on its own power meter, the complex is on 1 water line so owner pays water and trash bill. This building is in a busy industrial area with a high flow of traffic on the front street.
Listing Contacts
Listed by Coldwell Banker Associated Brokers Realty Murrieta
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$66,485.00
$5,540.42/mo
Valuation Metrics
0
DSCR
3.34%
Cap Rate
3.34%
ROI
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