Description

Building Size: Each shop-style building approximately 4,500 sqft

Total Acreage: Over 2.5 acres Land

Zoning: Medium Industrial (M-2)

Income: Generating a total income of $3,375/month, significantly below market value. New owner can re-negotiate leases or bring in new tenants. This is a great investment or owner-user setup . Potentially, these buildings can be leased at close to $1/sqft pro forma, which would yield a pro forma cap rate of over 11%.

Tenant Status: Long-term tenants on month-to-month leases

Utilities: Septic tank installed, separate electric meter, no gas

Investment Opportunity:

Don’t miss out on this incredible investment opportunity! The property offers substantial potential for increased revenue through lease renegotiation or new tenants. The current below-market income provides a unique chance to capitalize on a high cap rate.

Note to Buyers: Buyers are responsible for confirming the use, square footage, and permits during their due diligence period. All investigations and verifications should be conducted independently and relied upon solely by the buyer.

For More Information Please Contact Mike Panoussi.

Business Information