1209 Sycamore St - Warehouse FOR SALE


Wilmington, DE 19805- Browntown
$300,000 USD
302-562-9555
1209 Sycamore St, Wilmington, DE for Sale
$300,000 USD
Warehouse - FOR SALE
1/5
null | 8.8% Cap Rate

1209 Sycamore St
Wilmington, DE 19805
Browntown


HIGHLIGHTS

  • Attractive location
  • Low maintenance, easy to rent
  • Good profit margin.

OVERVIEW

Excellent opportunity to acquire two buildings containing a total of 22 storage units. 21 of these measure approximately 9' x 20', and are equipped with 8' wide x 7' high overhead doors. One of the units is a 30' x 40' space with a wider overhead door and is leased to a contractor for storage of tools and materials. Investment Highlights - Strong Cash Flow: Existing monthly rents range from $105 to $345 per unit, with current rates below market, creating an opportunity to increase income. - Stable Investment: Low-maintenance property with minimal tenant turnover and a history of long-term occupancy. - Leased Property: All occupied are under active lease agreements. - Value-Added Opportunity: Below-market rents provide significant upside for future revenue growth. - Flexible Financing: Partial owner financing available for qualified purchasers, meaning you could possibly purchase this property with no money down. Portfolio Opportunity A second self-storage property located at 806 S. Franklin Street, Wilmington, DE is also available. The properties may be purchased individually or together as a portfolio, offering investors the opportunity to expand their self-storage holdings with two established, income-producing assets. Contact broker today for additional financial information, rent roll, and showing details. 22-Unit Rental Garages in Hedgeville section of Wilmington location. Low vacancy, low turnover.. Includes roomy shop/storage area. Steady income producing property. 806 S Franklin St also available by owner - 30 units at $450,000

FOR SALE DETAILS

PRICE

$300,000 USD

PRICE/SF

$28 USD /SF

CAP RATE

8.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22

LAND SF

9,583

ZONING

26R-3

APN/PARCEL ID

26-042.10-076

ASK ABOUT THIS PROPERTY

Domenick PerontiInvestment Property Services LLCMore Info
302-562-9555

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Domenick PerontiInvestment Property Services LLCMore Info
302-562-9555

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.