Available For Sale - Industrial , Warehouse

87,080 SF | Show Pricing $

AVAILABILITY DETAILS

Size
87,080 SF
Price/SF
Show Pricing $
Listing ID
SA438368
Notes
Minimum Bid: $2,014,000



Buyer’s Premium: 6%



Cooperating Broker’s Commission: 2% of Bid Price/Offer Price (before Buyer’s Premium is added)



Building Size: Approx. 87,080 SF



Lot Size: Approx. 2.7 Acres



Ceiling Height: 12′ – 24′



Drive-In Doors: 8



Docks: 4 – 3 Interior, 1 Exterior



Zoning: C-M; Commercial Manufacturing



Sprinklers: Wet



2019 RE Taxes: $157,986.87

PIN #: 12-21-417-042-0000 (Building)



2019 RE Taxes: $5,837.51

PIN #: 12-21-312-065-0000 (Parking Lot Across the Street)



TOTAL 2019 RE Taxes: $163,824.38



NOI: $228,201.12



Cap Rate: 11.33%



PROPERTY HIGHLIGHTS



• Great Franklin Park landsite

• 2 new highway entrances

• New industrial spec products in market

• Tenants in place

• Heavy power

• Room for rental growth

• Public transportation on Franklin Avenue

• Easy to backfill spaces due to smaller size units and lower rents

• Projected Full Occupancy Net Income $348,568.18

• Net Income Over $228,201.12

• 11.33% Current Cap Rate with 17.30% Projected Cap Rate

• Additional parking across Scott Street
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