2214 Farmington AVE, Douglass Township, PA$395,000
Sally McGinn
Phone: (215) 340-3500
Fax: (215) 348-9537
Cell: (215) 409-5418
s.mcginn@cbhearthside.com

Listing Provided By:
Edwin J. Brooks  of  Brode Brooks Inc
MLS#:554969
Year:1930
SQ Feet:5,100
Office SQ Ft:1,700
Story(s):0
Units:0
Zoning:LI

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 (2) 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 has been significantly renovated with 800 amp 3 phase 120/ 208 volt electrical service, gas fired hot air heating systems with 3 central air systems, newer restrooms and a drive in door for loading. The building can be used as 100% offices, medical manufacturing, research and development, light manufacturing and assembly. A floor plan is attached. Flood insurance for 2017 is $3,712. This building is part of the Colebrookdale Industrial Condominium Center.


Updated: 06/24/2019
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