Listed by Braddock Associates
$268,000
3-Unit Commercial Building w/ Warehouse Space
Details
Property Type Industrial, Mixed Use
Sub Type Warehouse
Square Footage 5,184
Cap Rate 9.07%
NOI $24,320
Occupancy 67%
Price per SqFt $52
Investment Type Value Add
Industrial | 9.07% CAP | 5,184 SqFt
Marketing description
Maximize your portfolio with this 5,184 SF commercial asset featuring three versatile units. Currently generating $24,320 in NOI with low owner overhead, the property offers a blend of immediate cash flow with a current cap rate of 9.07% and the vacant unit providing value-add potential.
Units 105 and 105A are occupied on Modified Gross leases with tenants paying utilities.
Unit 105B: The vacant unit is a large open warehouse with garage door access. Warehouse has 3 bathrooms, and includes a finished apartment/office area with a full bath, fridge, and washer/dryer.
Strategic opportunity for anyone needing warehouse/storage space while having the front tenants offset the mortgage.
Listing Contacts
Listed by Braddock Associates
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$24,320.00
$2,026.67/mo
Valuation Metrics
0
DSCR
9.07%
Cap Rate
9.07%
ROI
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