20 acres in Berks County, Pennsylvania
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20 acres in Berks County, Pennsylvania

2214 Farmington Avenue, Douglass , Pennsylvania 19512 - Berks County
$395,000 20 Acres
5100 Sq.Ft.
Property ID 4519168

Description

This building is a perfect small investment or 1031 tax free exchange opportunity - 6% cap rate. Tenant is in the technology industry and has a two (2) year lease (2-1-18 to 1-31-20) at the NET annual rent of $30,600 and $31,365. The tenant also has two (2) two (2) year options. Annual NET rent for the option periods will be released upon request. landlord pays repairs/ replacements. Tenant pays real estate taxes, owner's insurances, lawn/ snow, water/ sewer, utilities, janitorial and phone/ internet. This building has been significantly renovated with 800 amp 3 phase 120/ 208 volt electrical service, gas fired hot air heating systems with 3 central air systems, newer restrooms and a drive in door for loading. The building can be used as 100% offices, medical manufacturing, research and development, light manufacturing and assembly. A floor plan is attached. Flood insurance for 2017 is $3,712. This building is part of the Colebrookdale Industrial Condominium Center.

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Edwin Brooks
Brode & Brooks Inc

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