Excellent income! Located near Rte 91 and Vt. Border. Perfect for an on-site owner / building manager who needs some space for himself and rests out the rest:
- $24,000+ Gross Monthly Income.
- Cap Rate: 18% Yearly Net Operating Income (NOI) after all expenses $100,000+
- 24 Tenants
- Clean Phase II Environmental
- New Roof !
- All rents current (no delinquent tenants).
- 40,000 sq. ft of additional space in building available to develop for your business or or new tenants.
Cap Rate: 18% based on actual 2018 NOI of $121,637 and 20% Cap Rate based on projected NOI for 2019 of $138,500 (based on tenant rents and expenses as of the end of December). Property consists of a 175,000 sq. ft. industrial building on 10+ acres &; 5mi to Rte. 91 & VT border.
Includes new furnace, electrical service (400 amps 480 volts), new T8 lighting, and partial (35,000 sq. ft.) new rubber roof. Large yard for trucks. 10 docks and 5 drive in doors.
Wet sprinkler (fully inspected and operational) New Buderus 768,000 btu Boiler supplied by above ground tank. Zoned I2. Includes deeded water rights.
Ceiling height: 15'X 20,000 sq. ft. 12' X 154,000 sq. ft. 7' X 1,000 sq. ft. Good building for self storage 24 tenants occupy 120,000+/- sq. ft. Includes 2 outbuildings (5000 sq. ft. also fully rented)
Operate your business with no utility or property tax costs (Tenants cover all expenses including taxes utilities maintenance and generating profit) or lease the remaining available space for even greater income potential!
do NOT contact me with unsolicited services or offers