Catylist ID: #30321657
Multi tenant industrial
Industrial for Sale
|Catylist Listing ID:||30321657|
|Property Subtypes:||Flex Space, Industrial-Business Park, Manufacturing, Light Industrial, Office Showroom, Warehouse/Distribution|
|Building Size (RSF):||47,486 SF|
|Gross Land Area:||7.47 Acres|
|Unit Price:||$38.96 PSF|
|Office SF:||2,000 SF|
|Drive In Bays:||2 Bays|
|Property Use Type:||Net Leased Investment (NNN), Investment, Vacant/Owner-User|
|Building Name:||Ferragamo Holdings , Inc|
|Usable Size (USF):||16,000 SF|
|Sale Terms:||Cash to Seller|
Overview / Comments
This property is made up of 5 units. 16,000 sf currently used by owner can be made available to end user or possible lease back .
2 units with drive in doors are 3600sf each. Both rented under market.
1 unit of approximately 12,000 sf and leased to a National Tenant for the next 4 years with options to renew.
1 unit of 12,000sf currently used by a non profit and could vacate if needed
Owners occupy 16000sf and will relocate if needed.
The Communication tower is a National tenant leased until 2027 with options.
Net income is $131,637 based on current rents and what seller would pay if they were to stay.. Could be leased for more. All units undervalued.
Attachments & Media
|Tax ID/APN:||WK 291 51|
|Property Located Between:||Rt 117 Warwick Ave and Rt 1 Post Rd|
|Highway Access:||7 minutes to interstate|
|Airports:||10 minutes south|
|Site Description:||flat terrain, corner|
|Area Description:||Industrial Park|
|Total Number of Buildings:||1|
|Number of Stories:||2|
|Heat Type:||Electricity, Natural Gas|
|Heat Source:||Central, Ceiling Units|
|Air Conditioning:||Engineered System|
|Lighting:||Fluorescent, High Pressure Sodium|
|Proximity:||1 mile||3 miles||5 miles|
Don G MorashAbbott Properties, LLC
|The information presented herein is provided as is, without warranty of any kind. Neither East Coast Commercial Property Network nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|