Listed by Coldwell Banker Professional Group
$1,700,000
Specialty mixed use Investment sale
Details
APN 21E27C 00901, 21E27C 01101, 21E27C 01100
Property Type Industrial, Mixed Use
Sub Type Warehouse, Investment
Square Footage 16,700
Cap Rate 6.16%
NOI $104,725
Occupancy 100%
Tenancy Multi
Lease Type Modified
Lease Term 5
Lease Expiration 12/31/2028
Remaining Term 2.6
Rent Bumps Yes
Lease Options Two (2) five (5) year options
Price per SqFt $102
Year Built 1971
Buildings 3
Stories 1
Acreage 2.660
Lease Commencement 01/01/2024
Ground Lease No
Sale Condition For sale by owner
Industrial | 6.16% CAP | 16,700 SqFt
Marketing description
This unique property sits on 3 tax lots and consists of 2 rental homes and an industrial shop building. Long term tenants in the rental homes & Industrial tenant has 2.5 years remaining with two, five year options to renew. Tenants pay utilities.
Investment highlights
* 21E27C 00901 - 1.21ac. 01101 - .71ac. 01100 - .81ac = 2.66 total acres
* 10,000sf Industrial building with parking
* Roof coated & paint ext in 2023/2024 - Rent $7000/mo
* 2936sf, 4bd/3ba house in great condition (tenant for 7+ years) - Rent $2450/mo
* 3764sf, 2bd/1ba house (tenant for 25+ years) - Rent $1000/mo
Listing Contacts
Listed by Coldwell Banker Professional Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$104,725.00
$8,727.08/mo
Valuation Metrics
0
DSCR
6.16%
Cap Rate
6.16%
ROI
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