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:||$31.59 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 ECCPN Member
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