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2490 Reliance Ave
Apex, NC 27539
Asking Price
Contact for price
Asset Type
Flex Industrial
Class
Class B
What's Special
Beautiful, flex manufacturing space with new 5 Year lease with 2, 5-Year options, annual bumps <p>Recently appraised, well maintained property with longstanding tenant in place. The 40 year old medical, aerospace/defense and industrial CNC operation has been at this location since facility was built 28 years ago. Clean, well lit and nicely appointed with new lease that includes annual bumps and two 5-year options.</p>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
