851 Richards Blvd,

5.98% cap rate Only 30% of the 22,320 SF is occupied, with over $20K in revenue, leaving 70% to lease or owner-user. Pro forma at 15% cap rate. 12.17% cap rate year two.

The 22,320 SF property sits on 1.4 acres with plenty of shared parking and a small private yard for the 15,458 SF vacant unit. The vacant property features barbed wire fencing, a sturdy cinder block building, a split-level warehouse with a pit area, and two rollup doors (drive-in). It has enclosed drive-in docks inside the building. There is a small private yard on the west side of the building where the property features two drive-up docks. There is also ample shared common area parking behind the building, and the club hours are 6 pm to 4 am, so the common area parking lot is shared in passing. This vacant unit has approximately 3,000 SF of office space: fantastic location, space, and growth potential. Invest confidently and unlock the financial rewards of owning a prime industrial property as an owner user or investor. Please download the brochure for further details.