Description
GREAT INVESTMENT -- 100% LEASED. 131 S 2nd Rd, Hammonton (former skating rink has been completely renovated). 14,200 sqft of flex / light industrial space. There are two units: Suite 100 is 7,865 sqft has been leased long-term, and commenced September 2022. Suite 200 is 6,336 sqft and is leased long term, commencing March 2023. A 3rd Lease for trailer storage on the site has also been commenced March 2023. The Owner's updated Proforma indicates $137,000+- NOI expected (7.5% CAP Rate). Owner will finish up the remaining exterior work prior to closing.
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0BEDS
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3ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
GREAT INVESTMENT -- 100% LEASED. 131 S 2nd Rd, Hammonton (former skating rink has been completely renovated). 14,200 sqft of flex / light industrial space. There are two units: Suite 100 is 7,865 sqft has been leased long-term, and commenced September 2022. Suite 200 is 6,336 sqft and is leased long term, commencing March 2023. A 3rd Lease for trailer storage on the site has also been commenced March 2023. The Owner's updated Proforma indicates $137,000+- NOI expected (7.5% CAP Rate). Owner will finish up the remaining exterior work prior to closing.
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Listing information © 2023 South Jersey Shore Regional MLS.