24, 142SF bldg leased to Solar City (a NYSE company) thru 12-2018. NNN Lease averages $77, 920 net income/yr over remaining term. Two 3yr renewal options(Cola 4%/yr). Lease covers 2.56 m/l acres of the 5 acre parcel. Remaining 2.44 m/l excess acreage valued at $212, 500 ($2/SF). Leaves $1, 037, 500 allocated to the leased property =7.51% Cap rate. Has 2 recessed truck docks on each side of bldg & 2 grade level doors. Fully insulated & sprinklered w/ 1000 amp 3 phase electrical service.
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Listing Courtesy ofTinetti Realty