Small Bay Industrial Site For Sale

This is a small bay industrial site.
NOI is $298,708.00 so at $5.3M it pencils out as a 6% Cap Rate.
The PSF $ is skewed since a large portion of the rent is for non building areas;

The 10 pens generate $3500 monthly
The contiguous empty lot $4000 monthly
The backyard of the SFR $2000 monthly

On the attached rent roll the highlighted areas are the rent increases the owner is in the middle of.
That is where the rent increase projected for $1600 monthly, $19,200.00 annual comes from.
One of the most appealing characteristics of the property is that you have access from two roads. You can enter at 602 W industrial Way and exit onto 523 Industrial Ave.
The portfolio is composed of 3 contiguous industrial parcels and 1 SFR property that’s across the street.

This is an irreplaceable location immediately off I-95 at the Boynton Beach Blvd exit!