6704 Pingree Road Listing Details & Market Data

NEC of Pingree Road and Congress ParkwayMULTI-TENANT INDUSTRIAL 86% LEASED 96,070 SF 86% leased 96,070 SF multi-tenant building on 5.6 acres. Masonry main building with 13,680 sf steel add on section. Three 2000 amp services, multiple drive in doors, 5 docks, ceilings vary, office areas vary. Built in 1957 with multiple additions. Upside potential by raising rents and adding separate gas and electric meters. Double capacity wet sprinklers. Partially air conditioned. Additional building site at signalized intersection that could be re-zoned and split off for commercial use. Recently vacated space in this building (Unit 1) has 13,760 SF with 3 docks w/levelers and DID. Priced at only $6.49 psf full service gross. Ideal for investor or user/investor. Mo/Mo Unit 4 can be combined with vacant Unit 1 for 24,210 SF of contiguous space with 3 docks. Note: Owner will lease back Unit 8 at $5 psf. Ask for rent roll and pro forma operating statement. 8.5% Proforma cap rate using 5% vacancy.Unit 1 has 13,760 SF with 3 docks w/levelers and DID. Priced at only $6.49 psf full service gross. Ideal for investor or user/investor. Mo/Mo Unit 4 can be combined with vacant Unit 1 for 24,210 SF of contiguous space with 3 docks.