For Sale
For Sale
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Year Built
1972
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Overview
This 5-building site on 8.62 acres offers a unique investment and/or user opportunity in the heart of Otsego. The property is fully leased, and all tenants are on month-to-month leases allowing a wide range of use flexibility. Many of the tenants have expressed interest in signing long term leases. Each building in separately metered.
Building #1 is a 2,393 SF office building generating approximately $2,000/month gross income. The building has a new roof.
Building #2 is an 11,036 SF dock-high refrigerated building with 12' clear height, 4 docks and an approximately 1,000 SF freezer room. The roof is approximately 15 years old. The building has two tenants generating $1,300/month gross rental income.
Building #3 is an 8,520 SF manufacturing building with 10' clear heights throughout, 3-Phase / 480-Volt / 400 amps of power, 2 drive-in-doors and 1 dock door. Approximately half of the building has a new roof. The building is leased to the same tenant as Building #5; together these buildings generate $3,040/month in gross rental income.
Building #4 is an 8,820 SF service building with 3 drive-in bays, 15'6" clear heights. The roof is approximately 15 years old. The building is leased to two tenants and generates approximately $2,300/month in gross rental income.
Building #5 is 10,160 SF and is leased to the same tenant as Building #3. The building has 13'4" clear heights, 1 dock and 2 drive-in-doors. The landlord is in the process of replacing this roof.
Property Details
This 5-building site on 8.62 acres offers a unique investment and/or user opportunity in the heart of Otsego. The property is fully leased, and all tenants are on month-to-month leases allowing a wide range of use flexibility. Many of the tenants have expressed interest in signing long term leases. Each building in separately metered.
Building #1 is a 2,393 SF office building generating approximately $2,000/month gross income. The building has a new roof.
Building #2 is an 11,036 SF dock-high refrigerated building with 12' clear height, 4 docks and an approximately 1,000 SF freezer room. The roof is approximately 15 years old. The building has two tenants generating $1,300/month gross rental income.
Building #3 is an 8,520 SF manufacturing building with 10' clear heights throughout, 3-Phase / 480-Volt / 400 amps of power, 2 drive-in-doors and 1 dock door. Approximately half of the building has a new roof. The building is leased to the same tenant as Building #5; together these buildings generate $3,040/month in gross rental income.
Building #4 is an 8,820 SF service building with 3 drive-in bays, 15'6" clear heights. The roof is approximately 15 years old. The building is leased to two tenants and generates approximately $2,300/month in gross rental income.
Building #5 is 10,160 SF and is leased to the same tenant as Building #3. The building has 13'4" clear heights, 1 dock and 2 drive-in-doors. The landlord is in the process of replacing this roof.
- Property TypeIndustrial
- Submarket
- Year Built1972
- Sale Price$770,000
- Total Acres0.94
- Number of Floors1
- ZoningIndustrial
- Property ID2050864