1213 Cascade Dr - Warehouse FOR SALE


Twisp, WA 98856
$1,395,000 USD
509-322-1402
1213 Cascade Dr, Twisp, WA for Sale
$1,395,000 USD
Warehouse - FOR SALE
1/11
null | 6.97% Cap Rate

1213 Cascade Dr
Twisp, WA 98856


HIGHLIGHTS

  • The lease has been renewed 5 times on 5yr lease terms for the last 25 years plus from Garda Securities a Multi Billion International Company
  • The current lease is up for renewal before April 26 and the new owner can raise the rates to current market rates to get to a cap rate of 7.5 -8.5%
  • Fenced in 1.5 acre compound with 12 outside large covered parking for big trucks as well as extensive additional parking and storage
  • Owner financing available 1/3 down owner carry up to 3 years at 5.5% interest only with a balloon payment
  • There are 9 individual insulated well lit units that could be rented separately at potentially much higher rates should Garda ever move

OVERVIEW

Currently lease expires the end of March 26 the current through that period is $7000 per month. There are 9 separate units plus extensive covered parking within the 1.5 acre covered compound to generate additional revenue which has lots of potential to significantly increase revenue by renting them individually.There is also Owner financing available with a reasonable down a and interest only at 5% for 3 years. Call me for details John Mc Namara 509 322 1402. This is a unique property in a unique area ,basically a private compound staging area with commercial kitchen and a 12 ft walk in cooler.It was used as a staging area over the years in the NorthWest to support large scale forest service fire camps. The lease rate could generate much higher revenue by individually leasing out the 9 separate units and renting outside covered storage inside the 1.5 ac compound. Its also ideal for a large government or non government enity who needs large scale indoor and out door storage at a reasonable price.These large scale properties are rarely available.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$148 USD /SF

CAP RATE

6.97%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cascade Building

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

1.5

LAND SF

65,340

ZONING

C

APN/PARCEL ID

3322170347

ASK ABOUT THIS PROPERTY

John McNamaraCastleRock International LLCMore Info
509-322-1402

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John McNamaraCastleRock International LLCMore Info
509-322-1402

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