Listed by S.L. Nusbaum Realty Co
$2,050,000
Industrial Portfolio For Sale
Details
APN 1000357, 13005300
Property Type Industrial
Sub Type Warehouse
Square Footage 14,500
Cap Rate 7.27%
NOI $149,051
Tenancy Multi
Pro-Forma NOI $161,801
Price per SqFt $141
Year Built 1965
Buildings 2
Acreage 1.707
Zoning M-3, M-2
Investment Type Value Add
Industrial | 7.27% CAP | 14,500 SqFt
Marketing description
Two (2) properties located at 501 and 503 Industry Drive in Hampton.
The warehouse at 501 Industry Drive was constructed in 1965 and contains 11,500 square feet on 1.1269 acres. 501 Industry Drive is currently occupied by Mobile Communications, a national communications contractor, on a two year lease. The building and the location work well for them and they just extended their lease for an additional two years.
The warehouse at 503 Industry Drive is a 3,000 square foot warehouse that was built in 1997 and sits on 0.5707 acres. They have occupied the space since August 31, 2018. 503 Industry Drive is occupied by a three-year lease at a below-market rate. Both leases were part of the prior purchase.
Investment highlights
- MCA is one of the largest and most trusted Motorola partners in the U.S. offering world-class voice, data, and video solutions that enhance the quality, safety, and productivity of customers' operations and lives.
- Signal Engineering Corporation is a Woman Owned Small Business and a full service company serving the security, access control, and communication needs of its customers in Virginia. Signal Engineering has specialized in system integration and provided installations and maintenance for the majority of the law enforcement community.
Listing Contacts
Listed by S.L. Nusbaum Realty Co
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
$149,050.90
$12,420.91/mo
Valuation Metrics
0
DSCR
7.27%
Cap Rate
7.27%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
