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Property Info:
Fully leased multi-tenant office warehouse building.
¼ mile west Hanley/Manchester Rd, has been occupied by
Marvin Windows’s business for over 20 years.
Building Size:
18,018 S.F.
Land:
40,946 S.F.
Tenants:
1. Marvin Window Store (14,014sf)
2. The Flood Team (4,000sf)
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Income/Expense:
| Rent Income: |
Tenant 1 |
$102,000 |
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Tenant 2 |
$25,800 |
| Total Income: |
|
$130,300 |
| Expenses: |
Real Estate Taxes |
$24,199 |
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Property Insurance |
$4,000 |
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LL Repair/Maint |
$2,700 |
| Total Landlord Expenses |
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$30,899 |
| NOI: |
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$99,401 |
| ROI : 9.3% |
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