Shopping Center with Solid Long Term Tenants

Wellsburg, WV (Brooke County)

Seller Financing Available
Shopping Center with Solid Long Term Tenants

Asking Price:$882,000

Gross Revenue:$108,225

Price/Sq. Ft.:N/A

NOI:$92,475

Building Sq. Ft.:26,000

FF&E:$3,000

Year Built:1984

Shopping Center with Solid Long Term Tenants

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Property Description

Three great tenants, great rental history, indoor storage. Greater than 10% CAP rate. Newer roof and parking lot surface.

Detailed Information

Type:
Shopping Center
Building Sq. Ft.:
26,000
Building Status:
Established
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Great tenants, plus boat/RV/car storage INSIDE. New asphalt lot, new roof.
Current Property Expenses:
Insurance $6,800.00 Taxes $5,300.00 Electric $175.00 Maintenance, grounds $2,375.00 Security Alarm $400.00 Storage management $700.00
Location Description:
Retail, busy "main street" location. Solid rental history. Storage area (approx 15,750 SF) easily converted to lockers.
Current and Prior Use:
Retail shopping center with three long-term tenants, indoor storage. Formerly a car dealership. Built in 1950, with new addition in 1984. Steel, concrete, masonry construction.

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Read Spear

Property Listed By:
Read Spear

The OConnor Group

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Sponsoring Broker:
John O'Connor

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