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Fully Leased Investment Opportunity 15 Industrial Rd 26,494 SF 100% Leased Industrial Building Cranston, RI 02920 $2,351,804 CAD ($88.77 CAD/SF)
INVESTMENT HIGHLIGHTS
- 26,494 SF Fully Leased Industrial Building
- (2) Tenants at Below Market Rents
- Convenient Proximity to I-95
- 2.6 Acre Site w/30 Parking Spaces
- 100% Air-Conditioned Facility
EXECUTIVE SUMMARY
15 Industrial Drive totals 26,494 square feet with an 8,000 square foot tenant extending for one year and an 18,077 square foot tenant (Cannabis) with four years remaining and a first right of refusal to purchase. This opportunity offers future upside with a potential NOI of $185,000 +/- or 11% +/- future cap rate.
PROPERTY FACTS
| Price | $2,351,804 CAD | Rentable Building Area | 26,494 SF |
| Price Per SF | $88.77 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1969 |
| Property Type | Industrial | Parking Ratio | 0.91/1,000 SF |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 1 |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 0.94 AC | ||
| Zoning | M1 | ||
| Price | $2,351,804 CAD |
| Price Per SF | $88.77 CAD |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 0.94 AC |
| Rentable Building Area | 26,494 SF |
| No. Stories | 1 |
| Year Built | 1969 |
| Parking Ratio | 0.91/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
| Opportunity Zone |
Yes |
| Zoning | M1 |
AMENITIES
- Bus Line
UTILITIES
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Kingston Krafts
- Public Administration
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Kingston Krafts | Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | CRAN-000008-000002-002769 | Improvements Assessment | $2,155,122 CAD |
| Land Assessment | $178,425 CAD | Total Assessment | $2,333,547 CAD |
PROPERTY TAXES
Parcel Number
CRAN-000008-000002-002769
Land Assessment
$178,425 CAD
Improvements Assessment
$2,155,122 CAD
Total Assessment
$2,333,547 CAD
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Fully Leased Investment Opportunity | 15 Industrial Rd
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