$395,000

2214 Farmington Ave

BOYERTOWN PA, 19512

Description

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 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 was completely renovated in 1990 with 800 amp 120/208 volt 3 phase electric, 3 gas fired hot air systems with central air, new restrooms (ADA compliant), etc. It can be used as offices, medical manufacturing, research and development, light manufacturing and assembly. There is 3,400 SF on the first floor, 1700 SF on the second floor - plus there is 1700 SF on the lower level (which previously served as a small machine shop) with a double door outside exit. Lunchroom and Drive In Door. A floor plan is attached. Flood Insurance for 2017 is $3,712. This building is part of the Colebrookdale Industrial Condominium Center which includes 5 buildings located along Farmington Avenue - 1.7 miles from Route 100 and 1/2 mile from Route 562. Reserved parking for 10 vehicles - overflow non reserve parking available.

Details

MLS#1001239025
StyleIndustrial
Sub-TypeResale
StatusActive
Year1910
Days On Site631

Features

SQ Feet5,100
Story(s)0
ZoningLI

Market Activity 19512

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Area Information

StatePA
CityBOYERTOWN
Zip Code19512
AreaDouglas Twp (10241)
Listing VS Median (in 19512)
Price:
$395,000
low | high
Med:
$380,650
53.632911392405% of Average
SqFt:
5,100
low | high
Med:
0
100% of Average
$ / SqFt:
$77
low | high
Med:
$0
100% of Average
On Site:
631
low | high
Med:
541
100% of Average
Listing Updated: 09/18/2019
MLS Number: 1001239025
Listing Provided By:
Edwin J Brooks  of  Brode Brooks Inc

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