806-808 S Franklin St - Warehouse FOR SALE


Wilmington, DE 19805- Browntown
$450,000 USD
302-562-9555
806-808 S Franklin St, Wilmington, DE for Sale
$450,000 USD
Warehouse - FOR SALE
1/3
null | Request Cap Rate

806-808 S Franklin St
Wilmington, DE 19805
Browntown


HIGHLIGHTS

  • Strong Cash Flow: Existing monthly rents range from $90 to $571 per unit, with current rates below market, creating an opportunity to increase rates.
  • Stable Investment: Low-maintenance property with minimal tenant turnover and a history of long-term occupancy.
  • Leased Property: All occupied units are under active lease agreements.
  • Value-Added Opportunity: Below-market rents provide significant upside for future revenue growth.
  • Flexible Financing: Partial owner financing is available for qualified purchasers, so you could possibly purchase this property with no money down.
  • Tenants are locals storing cars, household goods, along with contractors storing tools and materials

OVERVIEW

Excellent opportunity to acquire an established, income-producing self-storage property in the Hedgeville section of Wilmington, Delaware. This property features two buildings containing a total of 31 storage units. 23 of these measure approximately 9' x 20' and are equipped with 8' wide x 7' high overhead doors. There are 2 double units measuring approximately 18' x 20' and four units combined that measure approximately 18' x 40' to create an office and shop space with an overhead door at the rear. This location is 100% occupied and rarely has a vacancy due to the under market rental rates. Portfolio Opportunity: A second self-storage property located at 1209 Sycamore 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 the broker today for additional financial information, rent roll, and showing details.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$43 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.58

LAND SF

25,200

ZONING

26C-1

APN/PARCEL ID

26-041.40-142

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.