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4 & 6 AVIATOR WAY
About This Property
Edgebander and Homag Panel Saw in the cabinetry shop. The stone shop includes a computer-integrated Baca saw, stone miter saw, a Robo SawJet with dual tables (only one of four on the east coast of Florida), a Baca Pure H2O filtration system, polishing edger, and an interior crane system for movement of the stone slabs within the warehouse.
The businesses are profitable and have combined gross revenues in the millions.
Both warehouses are equipped with 400-amp electrical service and are located in a non-HOA industrial area.
The businesses are supported by a team of 19 long-term employees who have expressed interest in remaining with new ownership. Additionally, the current owner is willing to remain for up to six months to ensure a smooth transition.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
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About Airport Business Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017