For Sale
For Sale
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Total Building Size
87,080 RSF
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Overview
Minimum Bid: $2,014,000
Buyer’s Premium: 6%
Cooperating Broker’s Commission: 2% of Bid Price/Offer Price (before Buyer’s Premium is added)
Building Size: Approx. 87,080 SF
Lot Size: Approx. 2.7 Acres
Ceiling Height: 12′ – 24′
Drive-In Doors: 8
Docks: 4 – 3 Interior, 1 Exterior
Zoning: C-M; Commercial Manufacturing
Sprinklers: Wet
2019 RE Taxes: $157,986.87
PIN #: 12-21-417-042-0000 (Building)2019 RE Taxes: $5,837.51
PIN #: 12-21-312-065-0000 (Parking Lot Across the Street)TOTAL 2019 RE Taxes: $163,824.38
NOI: $228,201.12
Cap Rate: 11.33%
PROPERTY HIGHLIGHTS
• Great Franklin Park landsite
• 2 new highway entrances
• New industrial spec products in market
• Tenants in place
• Heavy power
• Room for rental growth
• Public transportation on Franklin Avenue
• Easy to backfill spaces due to smaller size units and lower rents
• Projected Full Occupancy Net Income $348,568.18
• Net Income Over $228,201.12
• 11.33% Current Cap Rate with 17.30% Projected Cap Rate
• Additional parking across Scott Street
Property Details
Approximately 87,080 SF Industrial Building
Minimum Bid: $2,014,000
Buyer’s Premium: 6%
Cooperating Broker’s Commission: 2% of Bid Price/Offer Price (before Buyer’s Premium is added)
Building Size: Approx. 87,080 SF
Lot Size: Approx. 2.7 Acres
Ceiling Height: 12′ – 24′
Drive-In Doors: 8
Docks: 4 – 3 Interior, 1 Exterior
Zoning: C-M; Commercial Manufacturing
Sprinklers: Wet
2019 RE Taxes: $157,986.87
PIN #: 12-21-417-042-0000 (Building)
2019 RE Taxes: $5,837.51
PIN #: 12-21-312-065-0000 (Parking Lot Across the Street)
TOTAL 2019 RE Taxes: $163,824.38
NOI: $228,201.12
Cap Rate: 11.33%
PROPERTY HIGHLIGHTS
• Great Franklin Park landsite
• 2 new highway entrances
• New industrial spec products in market
• Tenants in place
• Heavy power
• Room for rental growth
• Public transportation on Franklin Avenue
• Easy to backfill spaces due to smaller size units and lower rents
• Projected Full Occupancy Net Income $348,568.18
• Net Income Over $228,201.12
• 11.33% Current Cap Rate with 17.30% Projected Cap Rate
• Additional parking across Scott Street
- Property TypeIndustrial
- Submarket
- Sale Price$2,014,000
- Total Building Size87,080RSF
- Total Acres2.7
- ZoningC-M; Commercial Manufacturing
- Will build to suitNo
- SewerNo
- Corner lotNo
- Property ID2169956