688 45 Road

Description

This is a great investment opportunity with a strong global operations tenant in place. Cap rate for this property is 6.8%. The tenant is responsible for all utilities along with a portion of repairs & maintenance and insurance. Lease has a 3% annual escalation clause with the option to renew for another two-year term. Beautifully well-maintained commercial property with two story 9,780 heated square feet on 5.71 acres. The property includes automatic security fencing that surrounds the entire property. There is abundant power to the property with three phase @ 225, three phase @ 480, and three phase @ 225. Previous owner used welders onsite. The lower level has a breakroom, IT room/office, office, and two shared men/women's restrooms. The second level contains two offices and a conference room. The warehouse includes ten 14' automatic overhead doors of which four are drive thru. Each bay door has air lines installed and ready for use. One section of the drive thru bay doors includes a vehicle service pit along with oil pumping equipment to easily service vehicles in house. The warehouse also includes a storage closet, bathroom with two showers, double sinks, climate control and floor drain. Property Highlights: Square Footage: 9,780 Acreage: 5.69 Global Operations Tenant In Place Net Cap 6.8% Automatic Overhead Doors: 10 14' Pass Thru Overhead Doors: 4 Offices: 5 Breakroom: 1 Bathroom: 4 Floor Drain Automatic Security Fencing Multiple Three Phase Power Vehicle Service Pit Climate Controlled