The building address for ths building is 2228 to 2234 Farmington Avenue. This is a 26,000 SF two story industrial building that is perfect for a USER who needs 8300 to 13000 SF and can run their operation from a second floor location (loading of material/ product by dock and forklift - alternative is to install a material lift). The first floor is rented to 3 tenants with an annual BASE rent of $53,211 PLUS the "nets" (meaning the tenants pay their share of all operating costs in addition to the base rent- which came to $1.40 per SF per year in 2016). All spaces have their own electric service, gas service, offices, restrooms and docks. The BASE rental income from the first floor tenants would support the entire debt service for this
building (at 75% LTV, 4.75% interest rate on a 20 year amortization schedule)with $11,000 left over. The building has undergone extensive renovations, including: (1) a new rubber roof of 10,000 SF (20 year product warranty), (2)Exterior painted with BEHR Elastomeric paint, (3) 12 new 6' x 6' Andersen 100 Series slider windows, (4)Interior of 8300 SF 2nd floor space has been painted (walls and floors). Other improvements include a new ADA restroom on the 2nd floor, new carpeting in all 2nd floor offices and a new heat/CA system for one of the 1st floor office areas. FEMA has provided written verification that this building is NOT in the Special Flood Hazard Area (SFHA). The current tenants expiration dates for their leases are 3/31/2020; 2/28/23 and 2/28/19. Detail tenant information is available with a signed confidentiality statement. The Colebrookdale Industrial Center is a condominium project of 5 buildings totalling approximately 90,000 SF (with the 2228 to 2234 Farmington Avenue building being one of these buildings). The monthly condo fee for this building is $929 in 2017).
Full Property Details
Full Property Detailsfor 2228 Farmington Avenue
Taxes: $10,354 (2018)
MLS ID: 1004013417
Added: 203 day(s) ago
Business Type: Industrial, R&D Flex Space, Manufacturing, Warehouse
Includes: Land and Building, Land Only
Rent Includes: Parking
Flooring: Wood, Heavy Duty
Master Bedroom: Unspecified
Other Features: Private Restrooms, Overhead Door, Sprinkler System
Parking Features: Lot, Paved Parking, Stone Driveway, Off Street, Handicap Parking
Parking Type: Parking Lot, Off Street
Area: Douglas Twp (10241)
Development Name: None Available
Subdivision: None Available
Building Name: COLEBROOKDALE IND CENTER
Cross Streets: Route 562
Driving Directions: From Rt 562 - go east on Farmington for 1/2 mile - building on right. From Rt 100 - go west on Farmington for 1.7 miles - building on left.
Location Details: Industrial Park
Heating & Cooling
Heating Fuel: Natural Gas, Electric
Water Heater: Electric
Sewer: On Site Septic
Water: Well, Well-Shared
Utility Description: Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone
# Buildings: 1
Architectural Info: Other
Construction: Brick, Block
Roof: Flat, Pitched, Shingle, Rubber
Walls/Ceilings: Other, Block Walls, Masonry
Loading: Drive-In Door, Tailgate
Finished Above Grnd: 26,000 Sq. Ft.
Year Built: 1900
Year Built Source: Estimated
Lot Size (Acres): 20
Lot Size (Sq. Ft.): 871,200
Lot Dimensions: 1000 x IRR
Topography: Level, Hillside
Lot Features: Rural
Lot Description: Rural
Water Front: Yes
Price Per Sq. Ft.: $27.88
Tax w/Assessment: $280,000
Tax Amount: $10,354
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
2228 Farmington Avenue, Boyertown, PA 19512 (MLS# 1004013417) is a
2228 Farmington Avenue is currently listed for $725,000 and was received on November 01, 2017.
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