Listed by Cummins-Setters Commercial Partners
$430,000
2701 SW Lee Blvd
Details
APN 160027016
Property Type Industrial, Special Purpose
Sub Type Distribution, Warehouse
Square Footage 9,600
Net Rentable (SqFt) 9,600
Units 2
Cap Rate 8.37%
NOI $36,000
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Expiration 11/01/2026
Remaining Term 3
Rent Bumps No
Price per SqFt $45
Class C
Year Built 1960
Buildings 1
Stories 1
Lot Size (SqFt) 79,411
Zoning C5
Tenant Credit Credit Rated
Lease Commencement 05/27/2026
Ground Lease No
Ceiling Height 20
100% Leased - Passive Income Opportunity
Marketing description
Passive Income Opportunity - This 9,600 warehouse building with administrative offices is used for the distribution of wholesale bread products. The current tenant has been at this location over twenty years and just executed a new three year lease which expires 31 July 2029. Monthly rent is $4,000 and expenses run 25% of Gross profit. So, $430,000 gives an owner/investor a hard CAP rate of 8.3%. The building is setup with offices in the front of the building and clear floor storage/distribution accessible in the rear. This listing is a great opportunity to park your money and continue to build equity. Give us a call for more information or to arrange a showing.
Investment highlights
- Investment property on Lee with great street exposure
- Long term tenant
- Low Expenses
Listing Contacts
Listed by Cummins-Setters Commercial Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$36,000.00
$3,000.00/mo
Valuation Metrics
0
DSCR
8.37%
Cap Rate
8.37%
ROI
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