Property For Sale Listing 860
Commercial/ Industrial Plaza For Sale
Status as of Nov-21-2008 at 02:05 AM: Active
Property Summary
Commercial/ Industrial Business Plaza. This property is a 8 plus cap rate! 17 individual internal units for lease and additional garages. Units equipped with hydraulic lifts. 4 outside storage unites which are currently leased. Space on property that my have several more outside storage added. This property nets $20,000 a month income with little or no effort on the part of the owner. All expenses, even the salary of the care taker are taken out so you will still net the $20,000 a month. Only one internal unit not rented, that unit is used to house the owner’s car collection.
Do not waste your time or your client's time if you do not want an investment which yields a positive cash flow with tenants who have been leasing units on the property from 15-10 years. This investment will give you $240,000 plus a year return.
Property is located in the section of Hull Street a few several major car dealerships which subtracts to various tenants of the property auto work. This is a prime location and the property around this one is being upgraded. The building is built to last, steel frame and concrete.
Categories
Location
| Classification: |
United States // Southeast States // Virginia // Richmond |
Price
| Price Classification: |
Between $2.5 Million and $5 Million |
| Asking Price: |
$3,000,000 |
Property Type
| Classification: |
Industrial Properties |
| Type: |
Industrial-Business Park |
