TREMENDOUS HWY 2A EXPOSURE. This 21,600 SQ FT building, demised into 7 units , (FULLY TENANTED) w/ NNN leases in place, Situated on just over 4 ACRES, and a current 6.35% CAP RATE, GENERATING $237,240 in GROSS RENTAL INCOME (or $19,777/month). Bay sizes ranging from 30'x80' or 2,400SQ FT (5-single bays) to 60'x80' or 4,800 SQ FT (2-double bays) all with 12'x16' OHD. Secured compound on the north side of the building. Most offices are renovated, NEW ROOF IN 2019, office spaces w/ shop with offices, baths, and mezzanine open for development for more office space. 80' deep bays with two 12'x16'h doors at the back. Shared yard w/ common access. Newly re-packed, gravelled and graded yard. Total 2023/2024 Operational costs are estimated at $87,912 for 2024 or $4.07/PSF. Visit REALTORS® website for more details (id:47421)
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Detailed Information
Listing Contract Date
2024-07-22
Municipal ID
0013597754
Plan
7822180
Property Type
Industrial
Transaction Type
For sale
Zoning Description
MI
Building
Constructed Date
1980
Construction Material
Steel frame
Foundation Type
Poured Concrete
Heating Fuel
Natural gas
Heating Type
Forced air, Radiant heat
Size (Exterior)
21600 square feet
Total Finished Area
21600 sqft
Land
Total Size
4.09 acres
Acreage
Yes
Size of Irregular Land
4.09
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