Listed by Fischer Weiler Industrial LLC
$2,650,000
Investment Offering- 23,400sf Warehouse
Details
Property Type Industrial
Sub Type Distribution, Manufacturing
Square Footage 23,400
Net Rentable (SqFt) 23,400
Cap Rate 6.73%
NOI $178,248
Occupancy 100%
Lease Term 5
Lease Expiration 05/31/2029
Remaining Term 2.9
Lease Options None
Price per SqFt $113
Class B
Buildings 1
Stories 1
Acreage 2.330
Zoning IP-1
Investment Type Net Lease
Lease Commencement 06/01/2024
Ceiling Height 23
Dock High Doors 3
Industrial | 6.73% CAP | 23,400 SqFt
Marketing description
Fischer Weiler Industrial is pleased to offer 2240 Cassens Dr., a rare infill industrial facility located within the City of Fenton. The Property consists of a ±23,400 square foot industrial warehouse situated on 2.33 acres.
The asset is leased to a strong national credit tenant with over 3 years remaining on the lease term, providing instant cash flow upon purchase.
Investment highlights
Fischer Weiler Industrial is pleased to offer 2240 Cassens Dr., a rare infill industrial facility located within the City of Fenton. The Property consists of a ±23,400 square foot industrial warehouse situated on 2.33 acres.
The asset is leased to a strong national credit tenant with over 3 years remaining on the lease term, providing instant cash flow upon purchase.
Listing Contacts
Listed by Fischer Weiler Industrial LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$178,248.00
$14,854.00/mo
Valuation Metrics
0
DSCR
6.73%
Cap Rate
6.73%
ROI
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