Valuable Commercial Warehouse with Equipment
OPPORTUNITY:
Business is a 40 year old siding and building supply business that is winding down its operations. Currently, approximately $45,000 remains in inventory and the business is still operating - albeit a scaled back version. However, the business and the warehouse are for sale. If a buyer simply desires the warehouse, then the inventory can be removed and sold offsite.
Currently the equipment is included in the asking price below. This equipment includes, among other items:
Heavy Duty Industrial Shelving
Forklift - $8,500 Fair Market Value (included)
’05 Box Truck - $17,900 Fair Market Value (included)
A detailed Equipment list will be provided upon disclosure. The warehouse vitals are:
+/- 16,975 square feet
Zoned Commercial / Industrial
0.8 +/- acres of land
ASKING PRICE
$625,000
Real Estate = $625,000
Equipment = $95, 725 (included in Asking Price)
Financials (USD)
Net Operating Income (Annual) Not Disclosed
Asking Price $625,000
Cap Rate 10%
Additional Details
Street Address 100 East 11th Street
Building Area 16975.00 Square Feet
Building Class Class C Building
Year Built/Renovated 1963
Percent Occupied 100%
Land Area 1.00 Acres
Zoning Commercial/Industrial
Deal Terms
Who is Listing the Property? Real Estate Broker
Broker Co-Op? Available On Request
Seller Financing Available? Yes
Seller Willing To Lease? No
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