Description
The subject property at 3931 S. Leavitt Street is a 32,500 SF, shared kitchen, food production facility. It features a current cap rate of 8% with lease types of NNN. The building is two floors with 16,250 SF per floor.
Property Highlights
- Long standing tenant, generating $14,000 a month, NNN lease
- Includes 16 paved parking spaces
- Specialized food-grade build-out with freezer + coolers and multiple kitchens.
- 16,250 SF per floor
Property Specifications
| Building Size | + 32,500 Sq. Ft. |
| Land Size | + 46,609 Sq. Ft. |
| Ceiling Height | 10'-13' |
| Power | 1,200 Amps, Heavy |
| Elevators | 1 Elevator |
| Loading | 5 Exterior Docks |
| Zoning | M2-3 |
| Taxes | $29,800.48 ($0.92 PSF) |
| NET Operating Income | $168,000 |
| Lease Type | NNN |
| Cap Rate | 8% |
| Sale Price | $2,100,000 |
