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. Three phase power (240v), 6 x overhead doors, 16ft ceilings and air compressor lines are all available here! 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! All information regarding the property, including but not limited to financial information and projections (e.g., cap rates and valuations) are based on information from a variety of sources including but not limited to public records and owner-provided data. While information is believed accurate, neither the listing agent or broker make any representation or warranty as to its completeness, and you should not rely upon it without conducting your own due diligence and investigation to determine whether the property meets your criteria and is a suitable investment. Past results are not necessarily indicative of future performance. Owner-provided financial information will be available for review upon execution of a confidentiality agreement.
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.
