±6,881 SF Fully Improved Shared Commercial Kitchen Facility
• Situated on a 13,600 SF Parcel
• 21 turn-key kitchens (average ±211 SF)
• 14 dedicated parking spaces
• Two (2) ADA Restrooms
The Seller purchased the bldg. in 2022 for $2,100,000
The Seller put over $2,500,000 into the property
This ±6,881 SF shared kitchen facility is situated on a ±13,600 SF parcel with 21 brand-new kitchen units.
The property is currently vacant, however, Market Rent Per Kitchen is:
Rent: $2,700/mo
Kitchen Reimbursement: $1,860/mo (daily janitorial, maintenance, all utilities, onsite staff etc)
Proforma Gross Rent Per Month: $4,560 per kitchen x 21 Kitchens = $95,760/mo
2023 Upgrades: ? This facility has undergone significant improvements:
New Roof
Five (5) New Commercial Roof-Mounted HVAC Units (800 CFM each) ?
Brand-New Fire Sprinkler System ?
Upgraded Power Supply: 800 amps (120/208V) (*verify) ?
New Asphalt in Parking Lot ?
New Gas Line ?
Floor Drains Throughout