Listed by Altus Commercial Real Estate
$633,600
JANESVILLE FLEX BUILDING - 4,000SF - CENTRAL LOCATION
Details
APN 0401200470
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 4,000
Units 4
Cap Rate 7.00%
NOI $44,352
Tenancy Single
Lease Type NNN
Lease Expiration 07/31/2029
Rent Bumps Yes
Lease Options 2- (1) year options
Year Built 1980
Year Renovated 2016
Buildings 1
Acreage 0.400
Zoning B3
Parking Spaces 15 spaces
Parking Per SqFt 3.75
Investment Type Net Lease
Ground Lease No
Industrial | 7.00% CAP | 4,000 SqFt
Marketing description
Free standing building NNN leased to NASDAQ listed DocGo Inc., DBA Ryan Brothers Ambulance, through 7/31/29 with 2 (1) year options and 3.5% annual increases. This nicely finished 4,000 sf flex building is located in Janesville and has 1 heated/cooled garage bay with a 12' H x 20' W overhead door, floor drains, washer/dryer, and water spigots. Garage area large enough for 4 ambulances. There are 4 office/sleeping rooms, 2 baths, kitchenette, and a lounge/living room area. Central AC and heating throughout the building with ozone sterilization in the HVAC system. Recent updates include a remodel in 2016 and 2 new a/c units in 2018, cameras (interior and exterior), and remote smart capabilities. There are 8 of these buildings in 3 counties available for sale.
Investment highlights
Free standing building NNN leased to NASDAQ listed DocGo Inc.
Nicely finished 4,000 sf flex building
1 heated/cooled garage bay with a 12' H x 20' W overhead door
Floor drains, washer/dryer, and water spigots
Garage area large enough for 4 ambulances
4 office/sleeping rooms, 2 baths, kitchenette, and a lounge/living room area
Listing Contacts
Listed by Altus Commercial Real Estate
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$44,352.00
$3,696.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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