Property Type:
Commercial for Sale
Lot Size (sq. ft.):
161,172
Status:
Sold
Current Price:
$2,700,000
List Date:
8/01/2017
Last Modified:
10/12/2024
Description
Incredible investment opportunity at 8% CAP rate! The property is the showroom/warehouse facility of Sunrise Marine boat dealership. It is under a long-term NNN lease with a national company that owns and operates top marine dealerships across North America (it acquired Sunrise Marine in 2016). Two parcels are included in sale totaling 3.7 acres with approximately 535 ft of Hwy 98 frontage. The showroom, office, and warehouse building is 9245 sqft. There is also an income producing billboard on the property. Total NOI is $216,000. The property was appraised for $2.7 million in June, 2016.
Listing Office: OxanaSol Real Estate
Last Updated: October - 12 - 2024
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