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2228 Farmington Avenue, Boyertown, PA 19512

$725,000

  • For Sale
  • Active
  • Industrial
2228 Farmington Avenue, Boyertown, PA 19512View this property at 2228 Farmington Avenue, Boyertown, PA 19512
2228 Farmington AvenueBoyertownPA19512

Property Description

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 Detailsfor 2228 Farmington Avenue

General

  • Price: $725,000
  • Taxes: $10,354 (2018)
  • Status: Active
  • Type: Industrial
  • MLS ID: 1004013417
  • Updated: 5/15/2018
  • Added: 203 day(s) ago

Business

  • Business Type: Industrial, R&D Flex Space, Manufacturing, Warehouse
  • Includes: Land and Building, Land Only

Rental Information

  • Rent Includes: Parking

Interior

  • Flooring: Wood, Heavy Duty

Rooms

Bedrooms

  • Master Bedroom: Unspecified

Additional Information

  • Other Features: Private Restrooms, Overhead Door, Sprinkler System

Parking

  • Parking Features: Lot, Paved Parking, Stone Driveway, Off Street, Handicap Parking
  • Parking Type: Parking Lot, Off Street

Location

  • Area: Douglas Twp (10241)
  • County: Berks
  • 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

Utilities

  • Sewer: On Site Septic
  • Water: Well, Well-Shared
  • Utility Description: Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone

Structural Information

  • # Buildings: 1
  • Architectural Info: Other
  • Construction: Brick, Block
  • Foundation: Stone
  • Roof: Flat, Pitched, Shingle, Rubber
  • Walls/Ceilings: Other, Block Walls, Masonry
  • Loading: Drive-In Door, Tailgate
  • Stories/Levels: 0
  • Finished Above Grnd: 26,000 Sq. Ft.
  • Year Built: 1900
  • Year Built Source: Estimated

Lot Features

  • Lot Size (Acres): 20
  • Lot Size (Sq. Ft.): 871,200
  • Lot Dimensions: 1000 x IRR
  • Topography: Level, Hillside
  • Lot Features: Rural
  • Zoning: LI
  • Lot Description: Rural

Water Features

  • Water Front: Yes

Financial Considerations

  • 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

Disclosures and Reports

  • Ownership: Condominium
  • Lot: 6804-C01

Listed by Brode & Brooks Inc, Edwin J Brooks

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Schools

Schoolsserving 2228 Farmington Avenue

School District:Boyertown Area School District
School Name
Grades
Distance
Boyertown Area Senior High School
120 North Monroe St, Boyertown, PA 19512
10-12
1.8 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History

Price & Sales Historyfor 2228 Farmington Avenue Get Price Alerts

Date
Details
Price
Change
Source
11/01/2017
Listed
$725,000
MLS
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Community Info

Community Infofor 2228 Farmington Avenue

Listed by Brode & Brooks Inc, Edwin J Brooks

2228 Farmington Avenue, Boyertown, PA 19512 (MLS# 1004013417) is a Industrial property. 2228 Farmington Avenue is currently listed for $725,000 and was received on November 01, 2017. Want to learn more about 2228 Farmington Avenue? Do you have questions about finding other Industrial real estate for sale in Boyertown? You can browse all Boyertown real estate or contact a Coldwell Banker agent to request more information.