Description
GREAT INVESTMENT OPPORTUNITY. PERFECT 1031 Exchange Property. 30,000+ square feet of fully rented space. All tenants have multi-year leases with options. Two buildings on just under 2 acres of high visibility traffic near the Cranston/Johnston line. Working on a cap rate of just under 9%, this investment is a proven solid performer. Traffic count is over 23,00 vehicles a day. Annual income from the leases is $280,000.00 Building was constructed to accommodate the addition of an entire second level which could increase rental space by over 7500 sqft. Property has ample parking and is minutes from Interstate and major roadways. Located one hour south of Boston. Three hours to NYC. 20 minutes to International Airport and Amtrak Station.
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0BEDS
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1.9ACRES
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0BATHS
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01/2 BATHS
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28,600SQFT
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$87$/SQFT
School Ratings & Info
Description
GREAT INVESTMENT OPPORTUNITY. PERFECT 1031 Exchange Property. 30,000+ square feet of fully rented space. All tenants have multi-year leases with options. Two buildings on just under 2 acres of high visibility traffic near the Cranston/Johnston line. Working on a cap rate of just under 9%, this investment is a proven solid performer. Traffic count is over 23,00 vehicles a day. Annual income from the leases is $280,000.00 Building was constructed to accommodate the addition of an entire second level which could increase rental space by over 7500 sqft. Property has ample parking and is minutes from Interstate and major roadways. Located one hour south of Boston. Three hours to NYC. 20 minutes to International Airport and Amtrak Station.
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