Buyers and Brokers: Aurum Property Partners is Seller’s exclusive broker. For Additional information, email broker, Peter Applefield, at pja@aurumpropertyparters.com or 561-252-2391. Peter will then email Confidential Non-Disclosure Agreement (CNDA) for execution. After full CNDA execution Peter will email comprehensive Offering Memorandum. Confidentiality with Showings: Aurum instructs prospective buyers not to communicate with any tenants in any manner. All showings must be authorized and supervised by Aurum. Disclaimer: The statements and information provided in this document are from sources we believe to be true and accurate. The information is not guaranteed and is subject to change. All interested parties shall complete their own due diligence on the property, review the information provided, and make their own assessment. All property measurements are approximate.
Basic Information:
1) Leases in Place: The property is 100% leased to seven tenants. All tenants have gross leases with Base Years for Op Ex and RE Tax stops. All the leases are generated from the same institutional-grade lease template.
2) Site: 3.03 acres or 132,000 square feet, rectangular, 660’ wide x 200’ deep.
3) Parking: The Property has approximately 100 parking spaces in front of the building. There is additional room for parking at the rear of the building.
4) Electric: Heavy 3-phase power to the building. If needed, additional power is available to the building.
5) Zoning: The Property is zoned “I” Industrial District in the Town of Mangonia Park. Industrial District zoning permits a wide variety of industrial uses. Additional uses in Industrial District are subject through Special Exceptions.
6) Building:
a). Individual Suites: The size of the seven suites range from 6,000 SF to 14,000 SF. For additional information (see attached Hill Avenue Individual Suites Spreadsheet).
b) Roof: Single-ply membrane
c) Concrete block stucco (CBS) construction with a concrete twin-T roof system.
d) HVAC: AC units range from new to 15 years old. Condensers in cages at rear of building. No AC penetrations in roof.
e) Fire-sprinklered.
f) Dimensions: 100’ deep x 600’ wide
g) Overhead Doors: Ten rear 12’ x 12’ dock doors, approximately 44 inches above ground level. Ten front 12’ x 14; grade level doors
h) Seven office/warehouse suites, from 6,000 SF to 14,000 SF. Each suite is 100+’ deep.
i) Exterior Painting: 2024
j) Paving, 3/4-inch overlay of front parking area: 2024.