Investment property: Sales Office is a 2006 Moduline (1,782 sf) designed as an office building (ADA accessible), with water, sewer, electric, gas hookups, skirted--no foundation. Shop-warehouse is approx 1,920 sf, unheated storage. The property has a new 2-year lease in place with American Home Centers (modular home dealer). Tenant has first right of refusal for all purchase offers. Lease rate is $3,600/mo. Net operating income approx. $39,000 annually. That is an 8% cap rate at the asking price.
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