425 Fortune Blvd., Milford, MA
Business Park for Sale - $4,750,000 - 108,000 Sq. Ft. on 6.87 acres
Property Info
CIMLS# | 583539 |
Location 425 Fortune Blvd. Milford MA 01757 | |
Updated | October 17th, 2014 |
Type | Business Park |
Price | $4,750,000 |
Building | 108,000 Sq. Ft. |
Land | 6.87 acres |
Property Description
108,000 S.F. BLDG ON 6.87 ACRES. BUILT IN 1990. 3 LEASES - STATE AGENCY, COMPUTER RECYCLING COMPANY AND OFFICE TENANT. 2,400 S.F. OF FURNISHED OFFICE SPACE & 10,000 - 32,500 S.F. OF FLEX ( DROPPED CEILING & TILED FLOOR ) SPACE AVAILABLE. SCHEDULED INCOME IS POSTED AT $12 FOR OFFICE AND $4.50/NNN FOR FLEX SPACE. OWNER HAS BOUGHT BUY-OUT OF LAND LEASE. FEE SIMPLE ( LAND INCLUDED IN SALE NOW.) 167 PARKING SPACES, FULLY SPRINKLERED & H.C. ACCESSIBLE/ELEVATOR. NEW ADDITIONAL INCOME $40,000 IN SOLAR ENGERGY CREDITS TO NEW OWNER !
Financials
SCHEDULED GROSS INCOME - $749,336.00
MINUS 20% VACANCY & ACTUAL EXPENSES = $393,802 NET OPERATING INCOME