10% Cap Rate Investment with Owner Financing

For Sale $425,000.00 (10% CAP Rate) - Investment, Warehouse
4000 SF Print

2620 Iroquois Ave, Sanford, FL 32773

  • 4,000 SF Freestanding warehouse
  • 2,000 SF office area/ 2,000 SF warehouse area
  • 20’ clear height with dock high door with 3 phase power
  • 1 Acre commercial zoned site with fenced in rear outside storage
  • Can develop up to a 5,600 SF Multi-tenant additional warehouse on the rear site with (4) 1,400 SF bays (see site plan)
  • 4 Year Absolute Lease with No Landlord Obligations, 5% Bumps
  • Current NOI is $42,650.35, Tenant covers all expenses and increases
  • Close to I-4, 417, 46A, SR 46, Lake Mary Blvd, & visible from 17-92
  • Owner Financing with $100K Down (7% IO with a 10 year term)
  • 20% ROI based on the down payment alone.
  • Sales Price:                $425,000 (10% CAP Rate)
Property Map
Download Property Flyer

Agent Vincent Wolle, CCIM, SIOR

  • Office : 407-647-0200
  • Mobile : 407-448-1823
  • Fax : 407-647-0205

As the founder of RREP, Vince has had over 18 years experience in the commercial real estate market and has…
Know More

Contact

Loading...