24 National Hwy

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24 National Hwy

Cumberland, MD 21502
Asking Price
$1.35M
Cap Rate
8.5%
Asset Type
Restaurant Retail
Class
Class B

What's Special

Retail | 8.5% CAP | 8,000 SqFt <ul><li>​The building is divided into 6 units: Ginger's Restaurant: Occupies 2 units - New 3-year lease expected to be signed within 1-2 weeks</li><li>​Lincare: Occupies 4 units - Recently signed a new 3-year lease</li><li>​Total Storage Units: 35 (100% occupied)</li><li>​Unit Mix & Pricing: 1 unit (8x8): ~$75/month, 5 units (5x7): ~$50/month, 29 units (10x10): ~$75/month</li><li>​Lease Terms: Month-to-month</li><li>​Up to 29 parking spaces for the property</li><li>​Additional 6-7 street parking

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NOI
$80,000
Cap Rate
5.93%
DSCR
1.00
Underwater
Cash-on-Cash
-0.04%
Monthly Payment
$6,679.063
Annual Cash Flow
$-148.761

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