10% CAP Rate with two tenants. One with leasehold and another long-term tenant. Investment grade property with plenty of upside! 7.09 ac parcel with 2 outbuildings. Leasehold tenant (EZ Loader) is in front 19,000 sq ft building. Back building occupied by Uniforce is 10,000 SF fully occupied and currently a month to month, long term tenant. This parcel would be purchased subject to the lease and the income stream. Current Net income for both tenants is $58,003 asking $580,000 at a 10% CAP Rate. In addition, 2 adjacent parcels avail. Parcel #115 has 4.18 ac with a 4,000 SF prefab metal flex building w/2 small month to month tenants plus frontage parcel #211 (2.82ac) for $200,000. This 3 parcel assemblage w/Hwy frontage is approx 14.08 ac. Good cash flow with opportunity for much more plus development land. Price to sell separately or as whole. Income statement avail. Individual property purchases to be priced separately.
* This payment calculator is intended for educational and planning purposes only. ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
