1015 Ellis Road

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1015 Ellis Road

Durham, NC 27703
Asking Price
$1.39M
Asset Type
Flex Industrial
Class
Class B

What's Special

Rare opportunity to own versatile industrial in one of the Triangle's most dynamic growth corridors! <h2><span style="color: rgba(0, 0, 0, 1)">The Property</span></h2><ul><li>​<span style="color: rgba(0, 0, 0, 1)">Three-building industrial flex property totaling ±4,940 SF, including two warehouse/garage buildings with six bays (one of which has been subdivided into two units) and a converted office building.</span></li><li>​<span style="color: rgba(0, 0, 0, 1)">Generous 0.74-acre site with a favorable building-to-land ratio — the substantial surplus yard space is fully fenced and well-suited fo

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NOI
$80,000
Cap Rate
5.78%
DSCR
0.97
Underwater
Cash-on-Cash
-0.54%
Monthly Payment
$6,852.224
Annual Cash Flow
$-2,226.692

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