Listed by Cushman & Wakefield CRESCO Real Estate
$1,500,000
23360 Michelle Drive
Details
Property Type Retail, Industrial
Sub Type Warehouse, Commercial
Square Footage 9,802
Net Rentable (SqFt) 4,200
NOI $96,000
Tenancy Single
Year Built 2023
Year Renovated 2023
Acreage 1.480
Zoning B-1
Investment Type Value Add
Tenant Credit Credit Rated
Ceiling Height 17’4”-18’9
Retail | 9,802 SqFt
Marketing description
Excellent location for quasi-retail use, close to industrial, residential, and commercial areas. It provides easy access to I-480 and I-271. Approximately 4,200 SF is available for use. Year 1 Net Operating Income is $96,000. It presents an excellent opportunity for a partial owner-user with existing cash flow on a long-term lease. A high-credit tenant is already in place. The property is zoned B1 - Local.
Investment highlights
- Excellent location for a quasi-retail use: close to industrial, residential, and commercial pockets
- Easy access to I-480 and I-271
- Approximately 4,200 SF available for use
- $96,000 Year 1 Net Operating Income
- Excellent opportunity for partial owner-user with existing cash flow on a long-term lease
- High-credit tenant in place
- Zoned B1 - Local Retail which allows for a large variety of uses
Listing Contacts
Listed by Cushman & Wakefield CRESCO Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$96,000.00
$8,000.00/mo
Valuation Metrics
0
DSCR
6.4%
Cap Rate
6.4%
ROI
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