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701 Bingaman St
Reading, PA 19602
Asking Price
$699K
Asset Type
Distribution Industrial
Class
Class B
What's Special
Industrial | 16,000 SqFt <ul><li>Warehouse space with large open areas and high ceilings</li><li>Large overhead doors</li><li>Flexible functionality for storage, distribution, contractors, light industrial use, equipment storage</li><li>Newer roof</li><li>Newer gas forced-air heat</li><li>Newly built office space</li><li>New camera security system</li><li>Existing restaurant tenant</li><li>Fenced yard and parking area</li><li>Located blocks from Reading's historic Franklin Street Station</li></ul>
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NOI
$80,000
Cap Rate
11.44%
DSCR
1.93
Strong
Cash-on-Cash
18.36%
Monthly Payment
$3,458.271
Annual Cash Flow
$38,500.753
