Building Size | 15,000 Square Feet |
Land Size | 1.15 Acres |
Zoning | Industrial |
Electric | FPL |
Year Built | 1990 |
Construction | Metal |
Roof | Metal |
Sewer | City |
Parking | 30 |
Water | City |
$7.20 to $9.60 Per Sf | Good Demographics |
14 Tenants | 12 Ft Overhead Doors |
4 blocks to I-95 | Tenant waiting list |
Fully Leased | Good Cap Rate |
Growth Area | Well Kept |
Fully leased 15,000 sf Industrial building. 14 tenants with the oldest there 10 years. 13-1000 sf bays, 1-2000 sf bay. $7.20 psf to $9.60 current rent with owner raising rents for the next new tenant to $8.40 psf to $9.60. Owner just leased space for double bay @$9.60 psf. Insurance will show this at a 7.74% current (not projected) cap rate. DCF cash flow shows this at a 19.18% after tax IRR. City water and sewer. Just 6 blocks to the entrance to Tradition and 4 blocks to I-95. Owner has waiting list of new tenants.
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.
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