Warehouse for Sale Overview
This exceptional warehouse property is now available for sale at an attractive price of $6.6 million. Spanning an impressive 120,000 square feet, this facility is strategically located to serve a variety of logistics and distribution needs.
Occupancy Details
The warehouse boasts a 100% occupancy rate, which is a significant advantage for potential investors. It currently houses three reliable tenants, ensuring consistent cash flow and minimizing vacancy risks. The presence of multiple tenants also diversifies the income stream, making it a more stable investment.
Lease Terms
All tenants have established leases with over 3 years remaining, providing security and predictability in rental income. This long-term leasing arrangement indicates that the tenants are committed to their operations within this space, further enhancing the property’s appeal.
Financial Performance
The warehouse generates a robust net income of $470,000 annually. This figure reflects the effective management and desirability of the property, as well as the reliability of its tenants. With such strong financial performance, this investment offers an attractive return potential for buyers looking to expand their real estate portfolio.
In summary, this warehouse represents a solid investment opportunity with its combination of size, occupancy stability, favorable lease terms, and strong annual income.