AVAILABILITY DETAILS
- Size
- 21,000 SF
- Price/SF
-
Show Pricing $
- Listing ID
- SA553999
- Notes
- INVESTMENT SUMMARY
Purchase Price: $4,650,000.00
Cap Rate: 5.78%
NOI: $259,200.00
INVESTMENT HIGHLIGHTS
2.8 Years Remaining on the Lease
3% Annual Rent Increases
Ideal for a 1031 Exchange – Corporate Net Lease from
Interstate Batteries
Freestanding building and stand alone asset, eliminating
possible complex CC&R’s.
Limited Landlord responsibilites - the tenant is responsible
for most expenses and maintenance. Landlord responsibilities
of roof and structure are mitigated by a new roof which was
installed in 2021 and a roof warranty.
PROPERTY HIGHLIGHTS
E STREET @ FAIRWAY DR: ±17,020 CPD
INTERSTATE 215: ±24,841 CPD NORTHBOUND / ±81,535 CPD SOUTHBOUND
TRAFFIC COUNTS:
• ±21,000 SF retail/warehouse building
• ±2,500 SF Admin office area
• ±16,000 SF Warehouse area
• ±1.38 Acre lot (two parcels)
• 7 Ground level roll up doors
• Fire sprinklers
• Concrete parking lot & fenced yard area
• Zoned CG-1 (Commercial General)
• Interstate 215 freeway exposure/visibility/
signage
• 1000 AMP, 208/120 Volt, 3 Phase electrical
switchgear system
- 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
Rick Lazar, Lee & Associates