NCE National Council of Exchangors
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National Council of Exchangors

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CONTROL: Owner VALUE: $269,900
    LOAN: $0
    EQUITY: $269,900
TITLE: Studio 14
TYPE OF PROPERTY: Industrial
HAVE: Multi Tenant, Warehouse, office, apartments. Dock, drive-ins, 3 phase power. Total of 29000 sf, fully occupied. 3780 sf will be available May of 2018 for $1450 per month full service. Majority is owner occupied.
WEBSITE ADDRESS:
PARCEL#:    
CITY, STATE: Anderson, IN COUNTY: Madison
BENEFITS TO NEW OWNER: Cash flowing property with significant upside potential. Convenient to downtown and close to redevelopment project at Wigwam.
GROSS SCHEDULED INCOME: $36,030    Actual
VACANCY LOSS: $0
GROSS EFFECTIVE INCOME: $36,030
EXPENSES: $1
NOI: $36,029
DEBT SERVICE: $0
CASH FLOW: $36,029
CAP RATE: 13.35%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1:      
LOAN 2:      
BENEFITS SOUGHT: Better cash flow and or upside opportunity, reduced management responcibility.
CAN ADD: cash and other property
REMARKS: Recently sold other property, so have used this property to store personal property. Am also operating a cabinet business out of property.
COUNSELOR: Philip Aaron
Location Realty
P.O. Box 93
Fortville, IN 46040
Phone: (317) 485-5252
Cell: (317) 809-7643
Fax: fuzzflip@yahoo.com
 
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