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Property Details

Status:
Under Contract
Property Type:
Commercial Building
Price:
$1,500,000.00
Address:
362 Mountain Avenue, White Sulfer Springs, West Virginia 24986
Land Area:
3.30 AC
Building Area:
56332
Year Built:
2006
Type:
Traditional
Description:
This 56,332± sq. ft. building has 6,000± sq. ft. in offices and the remainder in warehouse. The entire building was renovated in 2006 with new roof, HVAC and offices. Approximately $94,000 was spent in 2016 and 2017 for Caterpillar standby generator, HVAC system for server room, passcard secure interior doors, automated gate and security camera system. The annual net income is ± $170,000 per year. The tenants use of property is storage, scanning and microfilming medical records. Lease expires November 30, 2021. Prime investment property with over a 10[%] rate of return per year on investment. Total Acreage: 3.31± Acres Road Frontage: 540 ft. Gross Lot Sq. Ft.: 144,184 Onsite Parking: Yes (80± Spaces) Gross Building Sq. Ft.: 56,332 Office Sq. Ft.: 6,000 Warehouse Sq. Ft.: 50,332 Leased Investment Property: Income: $15,913.56 per month, $190,962 per year gross income Annual Expenses: Real Estate Taxes $6,650 General Liability Insurance: $7,750 Flood Insurance: $1,335 Note: The building has never flooded, including in the 2016 flood, which was a 1,000 year flood. Maintenance / Repairs: $5,227 Net Operating Income: $170,000 Leasable Sq. Ft.: 56,332 Number of Stories: 1 Basement: No Legal Description: Greenbrier Co., WV DB 503, pg 292 Tax ID: 17120047 Zoning: B3 (Business Industrial) Construction: Brick Ceiling Height: ±12 to 20 ft. (varied) Roof System: Rubber membrane Dry Fire Sprinkler System Heating: Gas Heat Cooling: Electric (Office and Server Room Areas) Shown by appointment.

Contact

Agent:
Boyd Temple
Company:
Woltz & Associates, Inc.
Phone:
(800) 5513588
Website:
www.woltz.com

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NOTES: THIS OFFERING IS SUBJECT TO ERRORS, OMISSIONS, PRIOR SALE, OR WITHDRAWAL WITHOUT NOTICE.

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