175,000 sq. Ft. Industrial building on 10+ acres less than 5mi to Rte. 91 & VT border and 25 min to 89/91 corridor. $24,000+/mo rental income. Cap Rate >18% & noi> $100K Includes new furnace, electrical service (400 amps 480 volts), new T8 lighting, and partial (40,000 sq. Ft.) new rubber roof. Large yard for trucks. 10 docks and 5 drive in doors. Wet sprinkler. New Buderus 768,000 btu Boiler supplied by above ground tank. Clean Phase II recently completed. Zoned I2. Includes deeded water rights. Ceiling height: 15'X 20,000 sq. Ft. 12' X 154,000 sq. Ft. 7' X 1,000 sq. Ft. Includes 2 outbuildings (5000 sq. Ft.) Operate your business with no utility or property tax costs. Tenants occupy 120,000+/- sq. Ft. W/monthly gross income of $20,000+ covering all expenses including taxes utilities and generating profit) or lease the remaining available space for even greater income potential! 2017 Cap Rate > 18% based on actual 2017 noi of $118,637 and 20% Cap Rate based on projected noi for 2018 of $138,500
Derek Eisenberg, Continental Real Estate Group, Inc..
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Listing information last updated on May 19th, 2019 at 8:22am EDT.