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Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Bumgarner
MLS Listing ID 20020136
Sold Date 07/29/22
Total Fin. Sqft 30625
Year Built 1955
Annual Tax Amount $10,560
Lot Size 2.480 Acres
Acres 2.48
Property Description
15.94% Levered IRR over the life of the lease. First year Cap Rate of 7.14%, Cash on Cash 10.32%. Long-term tenant in place that moved in 2010. New lease through Jan 2025 with annual rent escalations. Owner financing available. New Roof in 2018. Lot size permits room to expand. Call me today for additional information.
Location
State TX
County Wichita
Zoning Gen Com
Direction Use GPS
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Concrete
Heat Source Central, Electric
Exterior
Utilities Available City Sewer, City Water
Roof Type Other
Garage No
Building
Foundation Slab
Structure Type Frame
Others
Ownership Call Broker
Acceptable Financing Cash, Conventional, Owner Will Carry
Listing Terms Cash, Conventional, Owner Will Carry
Financing Seller Financing
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Bought with Charles Horton • The Michael Group Real Estate
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