More property info for 1725-1731 W 16th St
- 45, 176 m/l SF bldg on 3.3 acs (Zoned I-L). South 8, 000 SF portion (i.e. 40' x 200') has a dock hi (heavy duty) raised wood floor & the balance is on a concrete dock. Multiple truck dock doors & drive-in ramps (to get trucks & equipment into the bldg) 6 tenants with monthly gross scheduled rents of $19, 356 ($232, 276 /yr) when 100% occupied. Based upon proforma rents property is listed at 7.1 GRM has a 10.12% Cap. Rate. Potential 70% LTV financing with a local bank's promotional package at 3.90% fixed for 5 years with a rate reset at 5 years & due in 10 years. Payments based upon 25 year amortization. When fully leased 1st year projected 18.55% cash on cash return, 1st Yr. Cash Flow Before Taxes + Principal Reduction = $125, 798 and a Debt Coverage Ratio of 2.35. Property potentially eligible for cannabis related businesses (Interested party should verify with the City.
- # of Elevators: 0
- # of Floors: 0
- # of Offices: 0
- # of Restrooms: 0
- Building Features: See Remarks, 12Ft+ Ceilings
- Flooring: Carpet, Concrete Slab, Wood Sub-Floor, Linoleum/Vinyl
- Industrial SqFt: 0
- Minimum Available SqFt: 0
- Net Rentable SqFt: 0
- Office SqFt: 0
- Retail SqFt: 0
- Space 1 - Unit SqFt: 0
- Space 2 - Unit SqFt: 0
- Space 3 - Unit SqFt: 0
- Space 4 - Unit SqFt: 0
- Square Footage: 0
- Stories: 1
- Tenant SqFt: 0
- Warehouse SqFt: 0
- # of Buildings: 1
- # of Truck Doors: 0
- Dock Doors: 0
- Loading: Drive-In, Load Leveler, Loading Dock, Roll Up Door
- Parking Features: Uncovered
- Parking Ratio: 0.00
- Road Frontage: Freeway Exposure, Highway Exposure
- Roof: Metal
- Total Parking Spaces: 0
- Total Units: 6
- Cooling: See Remarks
- Heating: See Remarks
- Water Source: Public
- Listing Agent Name: Stephen G Tinetti
- Listing Office Name: Tinetti Realty
1725-1731 W 16th St Map Location
Listing courtesy of Tinetti Realty
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Information obtained from MetroList Services Inc. is current as of 3/28/2024 2:43 AM.