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

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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

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