This building is a perfect small investment or 1031 tax free exchange opportunity - 6% cap rate. Tenant is in the technology industry and has a two year lease (2-1-18 to 1-31-20) at the NET annual rent of $30,600 and $31,365. The tenant also has two (2) two (2) year options. Annual NET rent for the option periods will be released upon request. Landlord pays repairs/ replacements. Tenant pays real estate taxes, owner's insurances, lawn/ snow, water/ sewer, utilities, janitorial and phone/ internet. This building was completely renovated in 1990 with 800 amp 120/208 volt 3 phase electric, 3 gas fired hot air systems with central air, new restrooms (ADA compliant), etc. It can be used as offices, medical manufacturing, research and development, light manufacturing and assembly. There is 3,400 SF on the first floor, 1700 SF on the second floor - plus there is 1700 SF on the lower level (which previously served as a small machine shop) with a double door outside exit. Lunchroom and Drive In Door. A floor plan is attached. Flood Insurance for 2017 is $3,712. This building is part of the Colebrookdale Industrial Condominium Center which includes 5 buildings located along Farmington Avenue - 1.7 miles from Route 100 and 1/2 mile from Route 562. Reserved parking for 10 vehicles - overflow non reserve parking available.
Full Property Details
Full Property Details for 2214 Farmington Ave
Taxes: $4,933 (2018)
MLS ID: 1001239025
Added: 616 day(s) ago
Business Type: Industrial, Professional/Office, Professional Servic
Includes: Land and Building
Rent Includes: Parking
Flooring: Tile/Brick, Carpet
Other Features: Private Restrooms, Cafeteria, Clear Span, Exhaust System, Kitchen, Overhead Door, Refrigerator(s), Security System
Parking Features: Lot, Paved Parking, Stone Driveway, Assigned, Off Street, Handicap Parking
Parking Type: Parking Lot, Off Street
Parking: 76 to 100 Car Garage
Area: Douglas Twp (10241)
Development Name: None Available
Subdivision: None Available
Building Name: COLEBROOKDALE INDUSTRIAL
Cross Streets: Route 562
Driving Directions: From Route 100, go north on Farmington Avenue for 1.7 miles. Property will be on left.
Traffic Count: 5000-9999
Location Details: Suburban
Heating & Cooling
Heating Fuel: Natural Gas, Electric
Water Heater: Electric
Sewer: On Site Septic
Utility Description: Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone
# Buildings: 1
Architectural Info: Other
Roof: Pitched, Rubber
Loading: Drive-In Door
Finished Above Grnd: 5,100 Sq. Ft.
Aprox. Leasable: 5,100 Sq. Ft.
Year Built: 1910
Year Built Source: Estimated
Lot Size (Acres): 20
Lot Size (Sq. Ft.): 871,200
Lot Dimensions: 000 x IRR
Topography: Flood Plain
Water Front: Yes
Price Per Sq. Ft.: $77.45
Tax w/Assessment: $128,700
Tax Amount: $4,933
Tax Year: 2018
Tenant Pays: Electricity, Heat, Gas, Water, Sewer, Hot Water, Insurance, Lawn/Tree/Shrub Care, Snow Removal, Trash Removal, Cable TV, Taxes, Janitorial Service, Pest Control
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Listed by Homestarr Realty,Ruthanne Dumer and Homestarr Realty,Robert J Schum
2214 Farmington Avenue, Boyertown, PA 19512 (MLS# 1001239025) is a
2214 Farmington Avenue is currently listed for $395,000 and was received on July 10, 2017.
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