Remarks

NNN Leased Industrial Investment property in Seaford, DE in the Seaford Industrial Park. Current income is $290,623. Tenants reimburse for taxes and insurance. 2 strong tenants. Offered at an 8% cap rate.

Seaford, DE is business friendly with no inventory tax and no sales tax. Economic Incentives are offered through the City of Seaford. Located in the Opportunity Zone.

Property consists of 5 buildings totaling 42,660 square feet.
Building 1 - All office / showroom - fully conditioned - 1 overhead door and 1 restroom
Building 2 - 21' ceiling with 20 x 40 heated and cooled office. Offers 1 restroom. 3 Drive-in Doors
Building 3 - 21 ceiling height. Natural gas suspended heaters. Small office with heat & air and restrooms. 3 Drive-in doors
Building 4 - 21- ceiling height. Natural gas heaters. No office area. 3 Drive-in doors
Building 5 - 21' ceiling height. Natural gas suspended heaters. Small office with heat & air and 2nd office space with air and portable heat when needed.

All buildings are well insulated with concrete floors.

Details

MLS#: DESU2087652
Price: $3,600,000

Year Built: 1999

County: SUSSEX
Tax Fee: 12292

School District: SEAFORD