About this property
Offered for sale is a fully occupied, single-tenant, net-leased investment featuring a 5,684 SF office/warehouse facility situated on approximately 4.3 acres. The property is leased through May 2030, with contractual annual rent increases of 3% and current annual base rent of approximately $61,800. The tenant is responsible for real estate taxes, property insurance reimbursement, utilities, and routine operating and repair expenses, providing a relatively passive ownership structure.
The property includes three buildings with an office/warehouse configuration. The roof is less than 10 years old, and the HVAC system is less than 3 years old. The investment offers established rental income with contractual increases and a substantial land component.
Property details
- Property Type
- Improved property
- Building Type
- Office
- Building Size
- 5,683 sqft
- Land Size
- 4.3 acres
- Units
- 1
- Zoning
- COM/HDMU
- Year Built
- 1927