Triple-Net Investment Opportunity

Industrial for Sale
Catylist Listing ID: 30010761
Property Subtypes: Free-Standing, Manufacturing, Net Leased, Warehouse/Distribution
Building Size (RSF): 132,026 SF
Gross Building Area: 162,459 SF
Gross Land Area: 4.23 Acres
Sale Price: $2,200,000
Unit Price: $16.66 PSF
Ceiling: 17 ft.
Docks/Doors: 11 Doors
Property Use Type: Net Leased Investment (NNN), Investment
Usable Size (USF): 160,000 SF
Sale Terms: Cash to Seller
Cap Rate: 10.2%
Average Occupancy Rate: 100
Last Updated: 2/21/2018

Overview / Comments

Great Investor Opportunity - Secure tenant in place at $250,000/year NNN - net operating income $225,000=/-, with 10.2% cap rate. Current lease through March 31, 2020 with 2 additional 5-year options. Single tenant, established company at this location for many years.

Located in the heart of the “Golden Triangle” – Providence, Boston and Worcester, MA.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: Woonsocket
Tax ID/APN: 7/36
Zoning: I-1
Highway Access: Easy access to RI Rt. 122, Rt. 146, I-295, I-95
Area Description: Urban, Industrial area
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Good
Year Built: 1910
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Freight Elevators: 3
Sprinklers: Wet
Amps: 2,000
Volts: 480
X-Phase: 3

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,754 67,884 97,793
Median Age: 38.94 38.72 39.95
Households: 7,091 27,238 38,632

Contact

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