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404 Sw 140 Terrace, Newberry
World-class tenant has been in place for 20+ years anchors this excellent investment property. They occupy 62% of the property with three local tenants. In addition there are 14,000 +/- vacant SF that can be owner-occupied or leased to drive up the NOI. 2016 P&L shows NOI at $297,000 giving an as-is CAP rate of 7.6%. Owner is in the process of renovating the vacant space. The property is large enough to allow additional construction. Nice business park setting in the growing Jonesville area and just off of SR 26 (W. Newberry Road).
- MLS® #402315
- Date ListedFebruary 17th, 2017
- Days on Market280
- HOA Fees0.00
- Address404 Sw 140 Terrace
- Zip Code32669
- Listing OfficeColdwell Banker M.m. Parrish Realtors
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