Long And Foster
Listed by Long And Foster
$3,200,000
307-312 Camars Drive
Details
Property Type Industrial
Sub Type Flex
Square Footage 16,000
Tenancy Vacant
Lease Type NNN
Pro-Forma Cap Rate 7%
Pro-Forma NOI $224,000
Price per SqFt $200
Broker Co-Op Yes
Year Built 2010
Zoning Industrial
Ground Lease No
Ceiling Height 17'
Industrial | 16,000 SqFt
Marketing description
This single – tenant NNN leased property is a great investment opportunity offering at a 6.7 Cap Rate. The tenant pays the association fees as additional rent which covers the roof and structural maintenance. This (6) unit, 16,000 s.f. space is leased in the building at $14 / s.f. / year, generating annual rental income of $224,000.00. The tenant is in the process of terminating the current lease. The spaces will be available for sale or lease beginning April 1, 2026. This property is located in the Warwick Meadows Industrial Park, very convenient to many routes to all surrounding counties.
Investment highlights
High Ceilings. Clean warehouse space. Large Drive-in doors.
Listing Contacts
Long And Foster
Listed by Long And Foster
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