Business Overview:
This is a 30,000 sq ft. manufacturing building that current owner wants to sell and retire. There is an excellent tenant with a long term lease in place. The tenant’s business is going very well and they have more then $240,000 in the building in the last three years. They have also set up well over $2 million in equipment and have built out the facility to their exact needs. The tenants are committed to this place and are solid tenants.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Over $270,000 in leasehold improvements in last three years. Tenant in place, immediate cash flow. 30,000 sq. ft. building. Original lease was a five year lease that has two years left on the lease, there is another five-year option that can be negotiated. The current lease amount is $3,000 per month and landlord pays all taxes and insurance. Estimated land area is about 58,028 sq. ft. with a building about 28,637 sq. ft. with an additional 2,440 sq. ft. of mezzanine space and an office area of 3,076 sq. ft. that was just finished in the last two years. The tenant has spent over $240,000 in leasehold improvements and the landlord spent over $30,000 to make this space exactly what they need. All maintenance has been completed on building nothing left to do. Ceiling is 20 ft. in 2/3 of building and 30 ft in other 1/3.
Reason for Selling:
Retiring.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist 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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