Commercial Off Market
The buyer of this property would net a CAP RATE OF 5.125% This building was originally constructed by the Central Vermont public service corporation, (CVPS): in 1986. It is constructed to the highest industrial standards. The present owners bought it 1998 it's served as their offices and A manufacturing facility for print and publishing business. Simultaneously half of the building was leased to a high-quality very successful fresh fish retailer and wholesaler. When the present owners close their printing business it was immediately occupied by long-term tenants. The building has experienced a 98% occupancy rate for 23 years. The CAP rate at the selling price is 5.125%. There are strong long-term leases in place that will continue with the new owners. The fresh fish wholesaler has a new 10 year lease and there is a daycare center in the front of the building that has a four year lease. There are two other *tenant at will* occupants that have been there over 10 years. Utilities are separate for the fresh fish wholesaler and the rest of the building heating system has been upgraded to 98% efficient propane systems. This is an excellent investment opportunity to own a turnkey rental property.Property Details
- Beds: 0
- Baths: 0.0
- Year Built: 1986
- Location: Battenkill River
- Acres: 9.400
- Waterview: Yes
- ViewTypes: Mountain, River
- County: Bennington County
- Heat/AC: Baseboard,Hot Water
- Garage: Paved or Surfaced
- Siding: Aluminum Siding,Composition,Metal,Stucco
- Roof: Membrane
- Property Taxes: $14,370
- MLS #: 4921677
Location
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Ad Statistics:
| Ad Number : | 2966775 |
| Viewed: | 193 times |
| Added: | Jul 21, 2022 |
| Updated on: | Jul 21, 2022 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
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