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Warehouse

  • Status: Available
  • Price: $2,350,000

Matt Sadati

License No:
BRE #00704888
Email:
matt@lbaweb.com
Office:
925-932-2450 x101
Mobile:
925-699-7224
  • Listing No: 3833
  • Status: Available
  • Area: Stockton
  • Price: $2,350,000

Description

This is a 26,680sq.ft. Warehouse located in Industrial District of well populated area. There are 3 x dock for loading. current tenant has Lease till 2030 with monthly Rent of $13,000, 4% Cap. The place shows 4% Cap Rate now but has potential of 9.7% Cap if it is Rented @ market value. The rent for this area is about $0.90/ft. Thus the market value of the Rent should be about $24,000/a month. @ $24,000/rent the buyer will have 9.7% Cap. New owner may want to buy back the Lease for more immediate higher return. The Area is low in Crime and well kept. Business is not included in the Sale.

Business Information

Ownership Type: N/A
Year Established:
Year Purchased:
Business Type: warehoue
License(s) Required: Business
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 3833
Date Available: 01/28/2021
Reason For Sale: Retiring

Financial Information

Annual Total:
$156,000
Revenue:
$156,000
Annual Net Income:
Inventory:
Monthly Payroll:

Lease Information

Base Rent:
Lease Expires:
Lease Option:
NNN:

Financing Information

Down Payment:
Owner Will Carry:
Other Finance:
Terms:

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