About 9900 Franklin Avenue
Minimum Bid: $2,014,000
Buyer’s Premium: 6%
Cooperating Broker’s Commission: 2% of Bid Price/Offer Price (before Buyer’s Premium is added)
Building Size: Approx. 87,080 SF
Lot Size: Approx. 2.7 Acres
Ceiling Height: 12′ – 24′
Drive-In Doors: 8
Docks: 4 – 3 Interior, 1 Exterior
Zoning: C-M; Commercial Manufacturing
Sprinklers: Wet
2019 RE Taxes: $157,986.87
PIN #: 12-21-417-042-0000 (Building)
2019 RE Taxes: $5,837.51
PIN #: 12-21-312-065-0000 (Parking Lot Across the Street)
TOTAL 2019 RE Taxes: $163,824.38
NOI: $228,201.12
Cap Rate: 11.33%
Great Franklin Park landsite
2 new highway entrances
New industrial spec products in market
Tenants in place
Heavy power
Room for rental growth
Public transportation on Franklin Avenue
Easy to backfill spaces due to smaller size units and lower rents
Projected Full Occupancy Net Income $348,568.18
Net Income Over $228,201.12
11.33% Current Cap Rate with 17.30% Projected Cap Rate
Additional parking across Scott Street