Available For Sale - Industrial , Warehouse

9,600 SF | Show Pricing $

LISTED BY

Mark T. Belsanti CCIM
da Vinci Realty,

AVAILABILITY DETAILS

Size
9,600 SF
Price/SF
Show Pricing $
Listing ID
SA546711
Notes
Introducing a prime commercial property offering a strategically positioned 9,600 square foot warehouse on a sprawling 1.77-acre lot plus 143 RV & Boat spaces on 1.66 acres. This property presents a unique investment opportunity with a diversified income stream and an array of valuable assets. Owner holds an active real estate license in the state of AZ.



The building is currently home to Wyndham Vacation Resorts, occupying 62.5% of the warehouse building with a secure 30-year triple net lease, providing a stable and consistent revenue stream and Katlon Inc. who occupies the remaining 37.5% with a three-year modified gross lease, offering flexibility and potential for increased returns in the future.



The collective cap rate for both the warehouse and the storage spaces is an attractive 6.08%, offering investors a solid and reliable return on investment.



But the benefits don't stop there. The sale of this property includes valuable assets such as a 1998 Chevy truck with a snow plow (worth $15,000), a 2021 John Deere tractor (worth $61,000), and a 1994 Arctic Cat (worth $750). These assets not only enhance the property's operational efficiency but also contribute to its overall value.



In summary, this commercial property offering is a well-rounded investment with a solid 6.08% cap rate, reliable long-term leases, diverse income streams, and the added bonus of valuable assets. Don't miss out on this exceptional opportunity to secure a prime piece of real estate with multiple avenues for growth and income generation.
Uses
Industrial
Warehouse

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Mark T. Belsanti CCIM, da Vinci Realty