Listed by Choyce Peterson, Inc
$1,950,000
40 Osborne Ave
Details
APN 3-33-33-0
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 5,160
Cap Rate 7.08%
NOI $138,000
Occupancy 100%
Tenancy Multi
Price per SqFt $378
Year Built 1960
Buildings 1
Stories 2
Acreage 0.300
Zoning I1
Parking Spaces 12 spaces
Parking per 1,000 SqFt 2.33
Ground Lease No
Ceiling Height 15.5
Industrial | 5,160 SqFt
Marketing description
Fully-leased mixed-use property in a flourishing industrial zone with immediate proximity to train station and highway. The ground floor has 3,600sf under a new 10-year lease to Palmer’s Electric, including an approximately 3,000sf shop area with 15.5’ ceilings. The second floor is a recently renovated three-bedroom apartment that has been leased to the same tenant for three years. The property consists of 0.3 acres with 12 parking spaces, and is 0.5 miles to I-95 and 0.25 miles to the East Norwalk Train Station.
Investment highlights
Located in a flourishing industrial zone with increasing nearby residential density = Investment No Brainer!
- 0.3 acre industrial property with 12 parking spaces; 0.5 miles to I-95 and 0.25 miles to the East Norwalk Train Station.
- Ground floor has 3,600sf under a new 10-year lease.
- Second floor has a recently renovated three-bedroom apartment.
Listing Contacts
Listed by Choyce Peterson, Inc
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$138,000.00
$11,500.00/mo
Valuation Metrics
0
DSCR
7.08%
Cap Rate
7.08%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
