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Key Details
Sold Price $738,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 13,500 sqft
Price per Sqft $54
MLS Listing ID DESU142780
Sold Date 10/18/19
HOA Y/N N
Originating Board BRIGHT
Year Built 1980
Annual Tax Amount $3,853
Tax Year 2018
Lot Size 2.000 Acres
Acres 2.0
Lot Dimensions 0.00 x 0.00
Property Description
Net leased Industrial sale/leaseback - Current owner will sign a 5 year leaseback at settlement. Year 1 Cap Rate is 7.6 and years 2-5 are 10% cap. Option for 5 year renewal with 10% increase. 13,500 sq.ft. industrial manufacturing facility in the Seaford Industrial Park. masonry construction with concrete exterior walls, steel roof and floor structure. Public utilities. Heavy industrial power 460V and 230V. 22' ceiling height.
Location
State DE
County Sussex
Area Seaford Hundred (31013)
Zoning Q 882
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Utilities Available Natural Gas Available
Water Access N
Roof Type Metal
Accessibility Level Entry - Main
Road Frontage City/County
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Seaford
Others
Tax ID 531-10.00-236.01
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Malcolm Knopp • SPERRY VAN NESS MILLER COMM. REAL ESTATE
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