Listed by Macadam Forbes
$6,925,000
270 Park Drive - Leased Investment
Details
Property Type Industrial
Sub Type Flex, Manufacturing
Square Footage 49,000
Net Rentable (SqFt) 49,000
Cap Rate 8.5%
NOI $588,408
Tenancy Multi
Lease Type NNN
Price per SqFt $141
Acreage 6.500
Zoning Industrial
Ground Lease No
Multitenant industrial asset available for sale. 8.5% cap rate on in-place NOI, I-5 location.
Marketing description
Multitenant industrial site for sale along I-5. In-place cap rate of 8.5%. Rent roll available with a signed NDA.
Investment highlights
I-5 location
Strong tenant mix
8.5% cap rate on in-place NOI
Room for income growth
Professionally managed (included in NOI calculation)
No Further Action letter (NFA) from DEQ ✓
Listing Contacts
Listed by Macadam Forbes
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$588,408.00
$49,034.00/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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