Motivated Seller! Great opportunity for investor or Office Occupant Investor. 72, 000 sf building with 60,000 sf warehouse; 12,000 sf office space. The warehouse has 9 dock doors, 2 drive-in doors, 24' ceilings is leased to national retail store fixture manufacturer. 3 year of 5 year NN lease left with 3 two-year options. Each extension carries a 5% bump. The 12,000 sf Premium office space is attached but not currently leased. Offices include a state of the art 30' x 60 media room/meeting room, a full kitchen with restaurant range, an elegant, full Brazilian cherry paneled owner's suite with private bath. extra-large offices, 10' ceilings, IT/Computer room with separate HVAC, ceramic tiled hallway floors and MUCH more. This extraordinary space can be rented for $14-$15 sf., or could be occupied as Owner/Landlord. Current owner is willing to lease 3 offices for $2000.00 per month Cap Rate is projected based on offices being leased at $14.00 sf. Cap Rate without offices leased is 5.5%.
Also available For Sale and adjacent to this property is a NEW 22,500 sf warehouse by same owner offered at $1,800,000. Can be subdivided 2500 sf spaces and up. Owner is willing to lease 7000 sf for $6000 per month.
For more information on this property, please contact Carol Hammock (404)234-2690.
