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Riverwatch Lane Center Riverwatch Lane Center Riverwatch Lane Center Riverwatch Lane Center Riverwatch Lane Center Riverwatch Lane Center Riverwatch Lane Center

Property Overview

Price/Rent PSF $ 580,000.00
Asset Type Industrial
Trade Type Sale & Lease
SQ. FT. Available 5,400
Date Available 05/22/2019
Additional URL Link
Parking 6
Floors 1
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Description

Location
Extremely high traffic area. Frontage on Riverwatch Parkway. Excellent spot on River Watch Parkway just past I:20 before you get to Fury's Ferry Road.

Sale
Two buildings next to each other rented to the same tenant. Great tenant. Lease rate is currently $11.25. Landlord and tenant have done a lot of improvements to property and it is expected that tenant will stay in property long term. Current lease was signed in June 2018 and expires in May 2020. Net Income is $54,504. Fair market rent is $12.50-$13.50 per SF. Current lease is a modified gross with landlord being responsible for HVAC and roof both of which are in great condition.

Lease
Two buildings in great location. Space is in excellent condition and was formerly occupied by a church. Great for showroom or office warehouse. Landlord pays taxes, insurance, grounds, and some maintenance. Great signage opportunity on busy part of Riverwatch Parkway near I:20.

Location

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