This offering presents the opportunity to acquire a rare small-bay multi-tenant industrial property, the most highly sought-after industrial asset class due to limited supply, strong tenant demand, and durable cash flow. The property consists of six individual industrial bays totaling 6,144 square feet and is offered at a 6.50% cap rate based on in-place NOI of $81,113.
Several tenants are currently month to month, providing a buyer with immediate upside through rent increases to market levels or the ability to restructure leases with longer terms. Additionally, the property features valuable yard space, which may be leased for supplemental income, utilized by tenants, or potentially improved with an additional structure subject to approvals.
The flexible tenancy profile also creates a compelling owner-user opportunity, allowing a buyer to occupy space currently held by month-to-month tenants while maintaining income from remaining units. This offering represents a rare opportunity to acquire a bite-sized multi-tenant industrial asset with multiple exit strategies and clear upside in a supply-constrained market.