89-93 Barbour Street
6 unit apartment building with ground level retail. This is a non performing first position loan sale. Prior gross income exceeded $65,000 per year. Section 8 tenants in 2008 paid $820 per month and the building was 100% leased. Tenants vacated after owner failed to correct repair violations.
Great opportunity for investor to buy note at a huge discount to UPB ($180,000) and last sales price of $260,000 (2008). Note has coupon rate of 9% (variable). With repairs, the units could be quickly released and generate 30% proforma cash on cash returns (subject to actual repair costs which are unknown). Real estate taxes are paid through December 31st, 2016. Buyer will assume a water and receiver legal lien with a Feb 2017 balance of $19,000.
18926 La Guardia Street
601 SW Industrial Drive
80,000 square foot manufacturing, storage, offices, loading docks and multiple 3-phase electric panels.
Warehouse in Industrial Park with highway access, high visibility.
550 Borden Road,, Unit B12, Lexington, Virginia 24450
Fully leased residential condo.
545 Old Norcross, Lawrenceville, GA 30046
Property has closed 12.21.2016- Sold $1,200,000
Old Norcross Medical Office is located in Lawrenceville, Georgia. Occupancy is 100% and 2016 NOI is projected at $117,736 (actual through October 31st with budgeted Nov/Dec figures). The proximate area consists primarily of local medical office properties. Atlanta is located approximately 30 miles to the west via Interstate 85. Old Norcross was built in 2001 and sits on a 1.30 acre parcel. The property is located in the City of Lawrenceville near the corner of West Pike St with close proximity to Gwinnett Medical Center. The property features excellent access to GA 316 and GA 120. Gross building Area (GBA) is 16,024 and Net Rentable Area is 14,668 SF.
30421 Miraleste Drive
A Palos Verdes gem with a rare lighted centered tennis court next to a 45 foot swimming pool and spa with waterfall features, automatic cover, and fiber optic outdoor lighting and sound system. The center fountain feeds into both the pool and an adjacent oversize Jacuzzi. Contains over 600 square feet of covered patio decks, beautiful landscaping, fire pit, cabana, outdoor wet bar and gas BBQ ideal for outdoor enjoyment and perfect for entertaining. Harbor views in a pastoral canyon setting. Home was completely remodeled in 2014, including a separated guest suite. Large master suite with huge walk-in closet. Three car garage with outdoor covered parking for boat or RV. This home is not situated on Miraleste Drive but rather toward the end of a private street called Rich Lane with gated access.
10567 165th Street W
Two level office condo with easy access to I-35 and close to retail, restaurants, and services. Property is 100% leased to Laker Software (a Rite Aid company) with three years remaining 2 year option to extend). NOI is $100k/yr +/-. Lease is NNN and should produce a cap rate above 14%. At under $100/SF the property is offered below neighboring units price per foot (average of $115/SF per CoStar).
Outstanding turnkey opportunity for smaller investors to buy quality property with credit tenant and enjoy double digit returns.
Assessor Parcel Number: 22-44460-01-031 02 And 22-44460-01-031 01
Sold Dec 18, 2016.
7826 Photonics Drive, Trinity FL 34655
Closed March 2017. This Trinity Florida high-tech manufacturing building is located in a scenic business park with neighboring high profile businesses. The facility is fully climate controlled with land for expansion and/or excess parking on this large 6.6 acre lot. High clear heights (19'-21') also allow for a flexibility of use types, Priced for investors or users.
Formerly used to make crystal and glass laser optics for the defense and medical industries, the facility includes major HVAC improvements, heavy power, a clean room, and many other building features. The amenities are ideal for the defense, medical, pharmaceutical and high tech industries. With a wide range of incentives being offered by Pasco County, this is the ideal location for the expansion or relocation of your business. Strong local base of qualified employees
*See County Records for Final Purchase Price