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Business For Sale
WAREHOUSE INVESTMENT PROPERTY
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Asking Price: |
$1,600,000
USD USA Dollars
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Business for Sale Industry: |
Commercial Real Estate: Non-classifiable
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Reason for Selling:
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owner has other interest |
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Year Established:
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2007 |
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Yearly Revenues:
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$252,000 |
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Yearly Cash Flow:
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$252,000 |
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Yearly EBITDA:
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$252,000 |
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Yearly Net Profit:
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$240,000 |
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Yearly Gross Income:
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$252,000 |
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Total Debt:
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$800,000 |
Business for Sale Overview:
181,000 square feet warehouse with 9,000 square feet of office space with 11 loading docks, 2 of which are completely enclosed and 4 other over head door entrances. This building is on 21 acres with ample parking and room to expand. It is located in downtown Rhinelander Wisconsin with in minutes of 3 major state highways. 134,000 square feet is currently leased with 47,000 square feet left.
Property Features and Assets:
Concrete walls for the main building that was built in the early 70's and steel buildings were added in the 90's. on 21 acres in downtown Rhinelander Wisconsin.
Market Competition and Expansion:
Plenty of room to expand the building. Site is 21 acres. Current owner leases space for $2 a square feet with the area rate at $5.50. Current tenants have two and three year leases.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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