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Available For Sale - Industrial , Warehouse

16,000 SF | Show Pricing $

AVAILABILITY DETAILS

Size
16,000 SF
Price/SF
Show Pricing $
Listing ID
SA435266
Notes
Asking Price: $704,000



Cooperating Broker's Commission: 2%



Unit Size: Approx. 16,000 SF (Approx. 8,000 SF Each Unit)



Ceiling Height: 16'



Electrical: 277/480V 3 Phase Power (Each Unit)



Ceiling Gas Heaters: 3-4



2019 Taxes: $12,855.40 (Unit 403)

PIN #: 09-02-102-027



2019 Taxes: $10,297.56 (Unit 404)

PIN #: 09-02-102-028



Association Dues:

Unit 403: $9,636/YR

Unit 404: $9,636/YR



NOI: $56,000/YR



These 2 Industrial condominium units are part of a 4– unit building built in 2002. They are connected internally and occupied by a single tenant who is a commercial manufacturer with a strong occupancy and rental history. Each unit has independent commercial drive in doors and loading docks. They also have separate gas and 277/480V 3 Phase power. Heating is provided by 3-4 overhead gas powered heating systems. The roof is constructed with a Firestone rubber membrane. All roofing, HVAC, driveways, landscaping and brick tuckpointing are regularly maintained and covered by HOA fees (including exterior building insurance). These pristine, fully leased units are offered at an 8% Cap Rate. The units are offered as a package, not individually.



This area of Volo is growing both commercially and residentially. These units are in a thriving commercial complex that includes a stable children’s day care center. Located near the intersections of Route 120 and Route 60, the average car count per day exceeds 24,000.



The units are located approximately 5 miles West of I-294, at the intersections of Route 60 and Route 120.
Uses
Industrial
Warehouse

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Diana Peterson, AW Properties Global