See the attached brochure on a great unique property that has not been for sale. There is a built in rental increase that will makes the return over a 6.5% cap at year end. It is a large property containing a concrete/asphalt yard and supporting office building. The yard contains block wall construction and commercial gates, improved with water, electric, large overhang, etc. There is also a 5,518 square foot multi tenant office building. The property is 100% leased with a combination of small users and a credit tenant occupying the majority of the office and the whole yard, Initially, the yard was split in half with two different users, because entries/exits are on both sides of the office building with commercial gates. It is located directly across the street from the brand new Tesla Dealership. The return is currently a +6% cap rate that includes new property taxes, with upside to market rents. Financial data upon request. I have been managing this property for over 30 years, let me know if you have any questions. I have had many inquiries to occupy as a tenant and owner user, it is a very hard product to find. Financials upon request.
Everything is negotiable, the owner will look at all offers.