Overview

Description

Incredible opportunity for an investor to own 2 massive lots totaling 22,550 square feet right on Richmond Terrace in the heart of Elm Park. Currently occupied by a pair of auto body shops. Rented out by Caliber Collisions for $15500. per month as well as a smaller auto body shop which is occupied by Bones Auto Body and is being rented for $2500. per month. Caliber Collisions occupies 3 units between both buildings and is currently 3 years into a 10 year long true triple net lease. This lease includes a 5% increase every 5 years as well as two 5 year options to renew with the same terms. Total rent roll for the building is $15,142. and both 2550 & 2560 Richmond Terrace are on separate lots but must be purchased together. All inquiries and showings thru listing agents.

Highlights

• Age: 41-50 Years Old
• Sewer: City

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Listing ID: 76cd3921-a578-4bdc-b778-a01529aed146

Location

Gallery