Jan Grissinger - Coldwell Banker Hearthside
2214 Farmington Ave
Douglass Township, PA 19512

Description

This building is a perfect small investment or 1031 tax free exchange opportunity - 6% cap rate. Tenant is in the technology industry and has a two (2) year lease (2-1-18 to 1-31-20) at the NET annual rent of $30,600 and $31,365. The tenant also has two (2) two (2) year options. Annual NET rent for the option periods will be released upon request. landlord pays repairs/ replacements. Tenant pays real estate taxes, owner's insurances, lawn/ snow, water/ sewer, utilities, janitorial and phone/ internet. This building has been significantly renovated with 800 amp 3 phase 120/ 208 volt electrical service, gas fired hot air heating systems with 3 central air systems, newer restrooms and a drive in door for loading. The building can be used as 100% offices, medical manufacturing, research and development, light manufacturing and assembly. A floor plan is attached. Flood insurance for 2017 is $3,712. This building is part of the Colebrookdale Industrial Condominium Center.

Details

MLS#554969
StyleIndustrial
Sub-TypeResale
StatusActive
Year1930
Days On Site464

Features

SQ Feet5,100
Story(s)0
ZoningLI

Additional Information

Total Taxes4497.00

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Area Information

StatePA
CountyBerks
CityDouglass Township
Zip Code19512
AreaDouglass
Listing VS Median (in 19512)
Price:
$395,000
low | high
Med:
$212,400
96.227848101266% of Average
SqFt:
5,100
low | high
Med:
480
100% of Average
$ / SqFt:
$77
low | high
Med:
$120
4.761684771848% of Average
On Site:
464
low | high
Med:
106.5
100% of Average
Listing Updated: 11/20/2018
MLS Number: 554969
Listing Provided By:
Edwin J. Brooks  of  Brode Brooks Inc