What an opportunity for improvement! This 10,000 SF building is 100% occupied by long term tenants paying historical rental rates PLUS further developable/income producing potential from the site. There's 3 phase power (240v), 6 x overhead doors, 16ft ceiling height and compressor lines available. Moving rents up to current market levels would increase the cap rate from 5% to around 6% from historic tenants. As the building is located along the SE flank of the site there's also additional space on the lot that could be used for RV parking and/or mini storage, amongst others, subject to planning permission. Great visibility, a new roof in 2007, repainted in 2014, with 3 phase power and high ceilings make this an attractive proposition for someone willing to roll up their sleeves. Bring an offer!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
