Industrial /Office /Flex Space

Industrial for Sale
Catylist Listing ID: 30399964
Property Subtypes: Flex Space, Industrial-Business Park, Light Industrial
Condo? Yes
Building Size (RSF): 2,400 SF
Gross Building Area: See Agent
Sale Price: $188,500
Docks/Doors: 1 Door
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 2,400 SF
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Average Occupancy Rate: 100
Last Updated: 4/15/2019

Overview / Comments

Excellent end unit with extra windows. Over 2/3rds office space and small storage area in the rear with overhead door. Ample parking front , side and rear of building in the Business Park.
Currently in a lease until 10/31/19.. National Tenant has 4 1 year options to extend unless the unit is sold and options will be nullified. Investors can keep them if they want.

Current rent is $2000 monthly, Condo fees $4332 annually , taxes $4566 annually.

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Tax ID/APN: WK 311 69
Is Condo?: Yes
Property Located Between: Airport rd
Highway Access: 4 minutes away
Airports: across the road
Site Description: condo development of 3 buildings
Area Description: Airport area
Tenancy: Single Tenant
Total Number of Buildings: 3
Number of Stories: 3
Property Condition: Excellent
Year Built: 1987
Year Renovated: 2009
Roof Type: Flat
Construction/Siding: Block
Exterior Description: glass and shrubbery
Parking Type: Surface
Parking Description: ample, shared
Sprinklers: None
Amps: 100
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lighting: Fluorescent
Internet Access: Cable, Other
Interior Description: 4-5 offices, kitchen, bathroom ADA
Zoning Description: Light Industrial
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: fee simple

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,943 99,059 248,202
Median Age: 40.89 42.82 40.45
Households: 2,982 40,575 99,503


© Copyright 2001-2019 Catylist. All Rights Reserved. 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.