Description
This is a Net Lease Investment with a Fortune 500 Company in an existing custom-designed laboratory building in Newburgh. Municipal water and sewer, natural gas and on-site storage tanks for argon, helium and nitrogen. Fully sprinkled with a pull station directly to the paid City Fire Department. The plan was custom designed for this particular type of laboratory use, it would cost over a one million dollars to replicate. The landlord pays taxes, insurance, landscaping and snow removal, tenant pays all else. Two years left on the existing lease with a monthly income of $13,000/month. Tenant has three five-year options which they may exercise. The annualized net income is $105,000.00 per year. This is a safe-haven real estate investment for those investors looking for a AAA tenancy without excessive management. This is an ideal investment diversification opportunity for the right investor.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
Description
This is a Net Lease Investment with a Fortune 500 Company in an existing custom-designed laboratory building in Newburgh. Municipal water and sewer, natural gas and on-site storage tanks for argon, helium and nitrogen. Fully sprinkled with a pull station directly to the paid City Fire Department. The plan was custom designed for this particular type of laboratory use, it would cost over a one million dollars to replicate. The landlord pays taxes, insurance, landscaping and snow removal, tenant pays all else. Two years left on the existing lease with a monthly income of $13,000/month. Tenant has three five-year options which they may exercise. The annualized net income is $105,000.00 per year. This is a safe-haven real estate investment for those investors looking for a AAA tenancy without excessive management. This is an ideal investment diversification opportunity for the right investor.
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