Great multi-tenant industrial investment opportunity with upside potential. This 30,000 rentable square foot property on 2.25 ac consists of warehouse, manufacturing, various sizes of self-storage, and contractor spaces with several Truck height at-grade doors and a loading dock (18 overhead doors, 6 at grade doors, and 1 loading dock) and possible outdoor storage. Ernst Cabinet Works (in business for 77 years) owned and used this space until recently and vacated 7,650sf. There is upside potential to lease the 7,650sf just vacated by Ernst Cabinets Works or an owner/user to use the space for their business while getting rental income from the other 10 tenants. There are also 3 townhouses that can be converted to an additional contractor or storage space. The current gross income is $109,480 with the potential to be close to approximately $150,000 per year. Over $200,000 in capital improvements have been completed since 2012, including new roofs and mechanicals. Tenants include Thermo Fisher Scientific (NYSE: TMO), Sunrise Restorations, Kreg Therapeutics, Storage tenants that store Large RVs, trucks and boats. Includes 24-hour surveillance camera access, alarm monitoring and 400 amp, 3-phase electric. Located just off Interstate 78 (one of the warehouse-distribution dominated interstates) and route 61.
Courtesy of: KW Commercial Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 25th June, 2021 10:18 AM