Industrial investment opportunity with 54,000 sf currently leased to Builders Best, A national well established US manufacturer of venting products that has been on site since September of 2006. SippTech, The Global Leader in Sprayed In Place Pipe Technologies currently occupies 62,000 sf and just renewed their lease for an additional five years effective January 2019. Great Wood Products Inc. just executed a new three year lease for the last remaining 4,100 sf space. All three tenants have annual increases built into their lease and wish to remain on site long term.
|Property Use||Net Leased Property|
|Max Continuous Area||120,100|
|Min Divisible Area||120,100|
|Zoning||IL and CCG-2|
|Cap Rate Percentage||10.52|
|Building Size||120,100 SF|
|Lot Size||8.53 AC|
|Available Date||Jul 5th, 2019|
10.52% + Pro-Forma Cap Rate once remaining 2.34 acres are leased!
9.59%+ Cap Rate based on current Actual Numbers!
Building Now at 100% Occupancy!Property Features
|Lot Size:||5-10 Acres|
|Age:||Over 50 Years Old|
|Gross Income: $429,427|