2214 Farmington Avenue, Boyertown, PA 19512

$395,000
List Price
$395,000
Price Change
▼ $15,000 1539172322
Days On Market
588
Status
ACTIVE
MLS#
1001239025
Lot Size (Acres)
20
Year Built
1910
County
Berks

Property Description

This building is a perfect small investment or 1031 tax free exchange opportunity - 6% cap rate. Tenant is in the technology industry and has a two year lease (2-1-18 to 1-31-20) at the NET annual rent of $30,600 and $31,365. The tenant also has two (2) two (2) year options. Annual NET rent for the option periods will be released upon request. Landlord pays repairs/ replacements. Tenant pays real estate taxes, owner's insurances, lawn/ snow, water/ sewer, utilities, janitorial and phone/ internet. This building was completely renovated in 1990 with 800 amp 120/208 volt 3 phase electric, 3 gas fired hot air systems with central air, new restrooms (ADA compliant), etc. It can be used as offices, medical manufacturing, research and development, light manufacturing and assembly. There is 3,400 SF on the first floor, 1700 SF on the second floor - plus there is 1700 SF on the lower level (which previously served as a small machine shop) with a double door outside exit. Lunchroom and Drive In Door. A floor plan is attached. Flood Insurance for 2017 is $3,712. This building is part of the Colebrookdale Industrial Condominium Center which includes 5 buildings located along Farmington Avenue - 1.7 miles from Route 100 and 1/2 mile from Route 562. Reserved parking for 10 vehicles - overflow non reserve parking available.

Additional Information

Area
Douglas Twp (10241)
Subdivision
None Available
Building Name
Colebrookdale Industrial
Taxes
$4933
Flooring
Tile/Brick, Carpet
Heating Fuel
Natural Gas, Electric
Roof
Pitched, Rubber
Utilities
Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone
Water
Well
Sewer
On Site Septic

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Brode & Brooks Inc.

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