1302-1310 9th St

Income:

Taxes (1.1%): $22,200

Insurance: $10,000

Net Operating Income: $122,800

Cap Rate: 6.7%

Lease Terms:

Seller Lease Back

5 Year Lease

Two x 5 Year Options

Tenant responsible for all maintenance

except for roof and structure

Excellent Sale Leaseback Investment! Occupied by Fresh

Ideas Flower company, founded in 1998, they are the

region’s largest wholesale and retail flower bouquet

company.

Property features a 12,000 SF commercial building, on a

13,939 SF corner lot and offers a rare combination of office,

retail, refrigerated cold storage, and open warehouse space

under one roof. This property presents a versatile asset with

broad appeal across food distribution, cold storage, light

industrial, and service industry users. Interior highlights

include a 5,000 SF open warehouse (50'×100'), a 1,500 SF 40°

chiller room, a walk-in refrigerator, large office and retail

areas, a remodeled restroom, and a breakroom with

kitchenette.

The property is offered with a seller sale-leaseback in place

featuring a five year modified gross lease at $13,000 per

month starting rent, providing an investor with immediate,

stable income from day one. Please see financial summary

in brochure for more information. Property could be sold to

an owner-user if preferred.