TITLE:
LONG TERM STNL INDUSTRIAL
CONTROL:
Exclusive
VALUE:
$4,888,133
LOAN:
$1,818,586
EQUITY:
$3,069,547
TYPE:
Industrial
HAVE:
120k sft single tenant industrial leased through 2/2032 on Absolute NNN lease with 1.5% annual bumps.
ADDRESS:
2101 N Grace St, Culloden, West Virginia
BENEFITS TO NEW OWNER:
Absolute NNN industrial, passive income from tenant who has been there 30+ years.
GROSS SCHEDULED INCOME:
$372,109 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$372,109
EXPENSES:
$0
NOI:
$372,109
DEBT SERVICE:
$167,868
CASH FLOW:
$204,241
CAP RATE:
7.61%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$1,818,586
$13,989
4%
02/15/2027
No
BENEFITS SOUGHT:
Use proceeds to move up into $6-10M asset, industrial pref. Would consider value add.
CAN ADD:
Cash, other NNN Industrial or Office, Land, Value Add Office.
REMARKS:
Owners are experienced exchangors and will consider equities - industrial, cash flowing, or good land for some portion.
COUNSELOR:
Tyler Nepote
Wedgewood Capital Partners
125 N Market Ste 1735
Wichita, Kansas, 67202
