143 RV & boat storage with 100% occupancy and a long waitlist
5.1% Cap Rate
Additional valuable assets included in sale are 3.78 acres of additional land for expansion
Description
Introducing a prime commercial property offering: a strategically positioned 9,600 square foot warehouse on a sprawling 1.77-acre lot. This property presents a unique investment opportunity with a diversified income stream from two reputable tenants and an array of valuable assets.
The building is currently home to Wyndham Vacation Resorts, occupying 50% of the space with a secure 30-year triple net lease, providing a stable and consistent revenue stream. Additionally, Katlon Inc. occupies the remaining 50% with a three-year modified gross lease, offering flexibility and potential for increased returns in the future.
What makes this investment truly exceptional is the inclusion of 143 RV & boat storage outdoor spaces on 1.66 acres; fully leased with a waitlist in place, ensuring maximum utilization of the property. The collective cap rate for both the warehouse and the storage spaces is an attractive 5%, offering investors a solid and reliable return on investment.
But the benefits don't stop there. The sale of this property includes valuable assets such as a 1998 Chevy truck with a snow plow (worth $15,000), a 2021 John Deere tractor (worth $61,000), and a 1994 Arctic Cat (worth $750). These assets not only enhance the property's operational efficiency but also contribute to its overall value.
As if that's not enticing enough, the deal comes with an additional 3.78 acres of adjacent land, valued at $550,000. This expansion potential opens up possibilities for storage expansion or other lucrative ventures, providing investors with future growth opportunities.
In summary, this commercial property offering is a well-rounded investment with a solid 5.1% cap rate, reliable long-term leases, diverse income streams, and the added bonus of valuable assets and expansive adjacent land. Don't miss out on this exceptional opportunity to secure a prime piece of real estate with multiple avenues for growth and income generation.
On the east side of Flagstaff off Country Club Dr and east on Oakmont
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
