Asking Price
$2.1M
$/SF
$140
Building
15.0K SF
warehouse
Infra Gap
$280K
6 wks
Composite Score
6.9
7-Dimension Score
Structural (10%)6.8
MEP (20%)5.5
Micro-Location (15%)7.2
Environmental (10%)5.0
Financial (15%)8.5
Infrastructure (15%)6.0
Demand (15%)7.8
Property Details
Type:warehouse
Current Use:Cold storage (closing)
Built:1970
Lot:20,000 SF
Zoning:MU-2Kitchen by-right
Seller:distressed
Source:pocket listing
Broker:Tom Baker (Cushman & Wakefield)
On Market:15d
Competing:1 offers
PM:Sarah Chen
Financial Summary
Total Investment
$4.0M
Renovation
$1.9M
Projected NOI
$490K/yr
Cap Rate
12.3%
Payback: 8.2 yrsInfra Gap: $280K / 6 wks
Assessment Timeline
1
Identified
Apr 10, 2024
2
Site Walk
Apr 12, 2024
3
Infrastructure Check
4
ROM Estimate
5
Recommendation