816 S Spruce St - Warehouse FOR SALE
Burlington, WA 98233 |
$2,816,000 USD
310-897-0809
816 S Spruce St
Burlington, WA 98233
HIGHLIGHTS
- Strong Corporate Guarantee / Investment Grade Parent Company: SRS Distribution is the fastest growing distributor of building products in the U.S.
- Newly Executed Lease Extension / Annual Rent Increases: SRS Distribution just executed a 5-year lease extension at this location
- Functional Industrial (IOS) Facility / Passive Investment: This functional ±14,400 SF facility is situated on ±2.23 acres of land
- Income Tax Free State / Strategic Location: Washington benefits from no state income tax offering significant financial advantages
- The Home Depot (NYSE: HD) completed the acquisition of SRS Distribution for $18.25B
- Post GMS Inc. acquisition, SRS Distribution will operate a network of 1,200+ locations nationwide with an estimated enterprise value exceeding $23B
FOR SALE DETAILS
PRICE
$2,816,000 USD
PRICE/SF
$196 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
SRS Distribution (Home Depot)
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1985
UTILITIES
-
CLEAR CEILING HT
-
DOCKS
1
DRIVE INS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
P72182
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310-897-0809
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310-897-0809
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