8996 Fruitridge Road
Industrial | 7,732 SqFt
Marketing description
8996 Fruitridge Road presents an exceptional owner-user opportunity with approximately 7,732 square feet of total building area on approximately 0.95 acres of industrial land. The property features four existing tenants with diverse tenant mix and gross leases, offering potential for immediate income growth. The property includes a southern warehouse/office building of approximately 1,600 square feet and a secured, fenced yard of approximately 20,000 square feet that are immediately available for owner-user occupancy or market rate lease.
Located in the Power Inn submarket with excellent access to South Watt Avenue and Highway 50, the property offers great visibility along Fruitridge Road. The four existing tenants have month-to-month leases or lease expirations by 3/31/2027, providing flexibility for owner-user occupancy. The entire property can be utilized by an owner-user, allowing buyers to take advantage of SBA financing.
Investment highlights
- 100% OWNER-USER OPPORTUNITY - ENTIRE PROPERTY CAN BE UTILIZED BY AN OWNER-USER, ALLOWING BUYERS TO TAKE ADVANTAGE OF SBA FINANCING
- SIGNIFICANT VALUE-ADD POTENTIAL - DIVERSE TENANT MIX WITH GROSS LEASES AND POTENTIAL FOR IMMEDIATE INCOME GROWTH
- EXISTING INCOME WITH NEAR-TERM LEASE ROLLOVER - THE FOUR EXISITING TENANTS HAVE MONTH-TO-MONTH LEASES OR HAVE LEASE EXPIRATIONS BY 3/31/2027
- IMMEDIATE OCCUPANCY & EXCESS YARD - SOUTHERN WAREHOUSE/OFFICE BUILDING AND SECURE, FENCED YARD ARE IMMEDIATELY AVAILABLE OWNERUSER OCCUPANCY OR A MARKET RATE LEASE
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