FOR SALE
This 31,944 square foot, five-building industrial complex property presents a unique opportunity for owner-user or investor. The property is over 10 acres and can easily be divided and sold/leased into two, five-acres parcels. Listing is for entire property.
OWNER/USER - An owner-user could occupy any amount of space they desire and lease out the rest of the space to off-set the cost of ownership.
INVESTOR - 4,361 Business within a 5-mile radius and a vacancy rate of 1% gives any value-add buyer the opportunity to lease out this space at around $4 SF Triple Net (NNN).
PROPERTY HIGHLIGHTS:
- Five additional acres zoned I-1 that allow for development of low impact manufacturing, wholesaling, warehousing and distribution
- Value add opportunity with spaces currently occupied by tenants on month-to-month leases, paying 30% below market rent
- Five buildings totaling 31,994 square feet
- Located less than a quarter mile from Highway 70
- Property is supplied by 400 AMP 3 pole power
- 124,944 people located within a 5-mile radius
- Optimal security provided by a chain linked fence that surrounds the entire property
PROPERTY DETAILS:
- Cap Rate 8.02%
- NOI $68,160.00
- Rentable Building Area 68,160 SF
- 10.39 Acres
- Zoning Heavy Industrial/Comm 3
- Taxes $19,051/yr
- All buildings have concrete floors
- Front two buildings have bathrooms
- Rear, 8,800 SF building has metal roof
- Modine gas heaters in Building A, B & C
- Forced gas air in Building B offices
- South 5 acres Zoned I1 / North 5 acres Zoned C3
- Property was previously used for heavy equipment sales and repair
