Asking Price
$4.5M
$/SF
$250
ATM premium: 35%
Building
18.0K SF
auto shop
Infra Gap
$720K
16 wks
Composite Score
4.8
7-Dimension Score
Structural (10%)5.0
MEP (20%)2.5
Micro-Location (15%)6.5
Environmental (10%)3.0
Financial (15%)3.2
Infrastructure (15%)3.0
Demand (15%)9.2
Property Details
Type:auto shop
Current Use:Auto body shop
Built:1965
Lot:24,000 SF
Zoning:C2-1VLKitchen by-right
Seller:strategic
Source:loopnet
Broker:Kevin Park (Colliers)
On Market:120d
Competing:0 offers
PM:Sarah Chen
Financial Summary
Total Investment
$7.7M
Renovation
$3.2M
Projected NOI
$680K/yr
Cap Rate
8.8%
Payback: 11.3 yrsInfra Gap: $720K / 16 wks
Assessment Timeline
1
Identified
Feb 15, 2024
2
Site Walk
Feb 17, 2024
3
Infrastructure Check
4
ROM Estimate
5
Recommendation