$695,000

2228 Farmington Ave

BOYERTOWN PA, 19512

Description

2228 to 2234 Farmington Avenue is a 26,000 SF industrial condo building with 13,000 SF per floor. This is an excellent property for anyone needing a 1031 tax free exchange. It is 80% leased with 4700 SF vacant on the 2nd floor. There are currently four tenants (3 on the first floor and one on the second floor) with an annual rental rate of $73,092. The 3 tenants on the first floor are all "net" leases while the sole tenant on the second floor is a + utilities lease. All tenants have their own electric and gas services, restrooms, offices and loading facilities. This building underwent major renovations in 2017 and 2018, including a new 10,000 SF rubber roof, replacement of steel sash windows with Andersen windows, interior and exterior painting and several other upgrades. The monthly condo fee is $615 (the majority of which is billed back to the tenants who have "net" leases). This is part of the Colebrookdale Industrial Condominium Center which is a 5 building complex sitting on 20 acres. The property is owned by a licensed Pa. Real Estate Broker.

Details

MLS#PABK373168
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
Status10000069142
Year1900
Days On Site32

Features

SQ Feet26,000
Units4
ZoningINDUSTRIAL
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Area Information
StatePA
CountyBERKS-PA
CityBOYERTOWN
Zip Code19512
AreaDouglas Twp (10241)
Listing VS Median (in 19512)
Price:
$695,000
low | high
Med:
$191,400
100% of Average
SqFt:
26,000
low | high
Med:
1,508
100% of Average
$ / SqFt:
$27
low | high
Med:
$127
100% of Average
On Site:
32
low | high
Med:
33.500000
95.522388059701% of Average
Sourced by Back At You
Listing Updated: March 7, 2021 8:45:54 PM PST
Edwin J Brooks LogoMLS Number: PABK373168
Listing Provided By:
Edwin J Brooks  of  Brode Brooks Inc
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