2228 FARMINGTON Ave, Boyertown, PA, 19512

2228 FARMINGTON Ave, Boyertown, PA, 19512 < >
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for sale
$790,000
Square Feet:26000
Lot Size:20.00 Acres
Year Built:1900
Status:Active
MLS #:1004013417
Date Updated:
For information contact:
Shantée Haynes
202-355-5544
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Go See This Property
2228 to 2234 Farmington Avenue. This is a 26,000 SF two story industrial building that is perfect for a USER who needs 8300 to 13000 SF and can run their operation from a second floor location (loading of material/ product by dock and material lift - buyer will be given a $60,000 credit at settlement for the installation of a product lift). The first floor is rented to 3 tenants with an annual BASE rent of $53,211 PLUS the "nets" (meaning the tenants pay their share of all operating costs in addition to the base rent- which came to $1.14 per SF per year in 2018). All spaces have their own electric service, gas service, offices, restrooms and docks. The BASE rental income from the first floor tenants would support the entire debt service for this building (at 75% LTV, 5% interest rate on a 25 year amortization schedule)with money left over. The building has undergone extensive renovations, including: (1) a new rubber roof of 10,000 SF (20 year product warranty), (2) Exterior painted with BEHR Elastomeric paint, (3) 12 new 6' x 6' Andersen 100 Series slider windows, (4)Interior of 13,000 SF 2nd floor space has been painted (walls and floors). Other improvements include a new ADA restroom on the 2nd floor, new carpeting in all 2nd floor offices and a new heat/CA system for one of the 1st floor office areas. FEMA has provided written verification that this building is NOT in the Special Flood Hazard Area (SFHA). The current tenants expiration dates for their leases are 3/31/2020; 2/28/23 and 2/28/19. Detail tenant information is available with a signed confidentiality statement. The Colebrookdale Industrial Center is a condominium project of 5 buildings totaling approximately 90,000 SF (with the 2228 to 2234 Farmington Avenue building being one of these buildings). The monthly condo fee for this building is $615 in 2018).
Interior Details
Building Total SQFT: 26000.00Drive In Door Height: 8' to 12'
Flooring Type: Wood, Heavy DutyFoundation Details: Stone
Total Restrooms: 7

Exterior Details
Exterior Amenities: Highway Exposure, SignWater Frontage Length: 1000
Lot Features: RuralLot Size Acres: 20.00
Lot Size Dimensions: 1000 X IRRLot SQFT: 871200.00
Parking Features: Paved Parking, Stone Driveway, Handicap ParkingRoof: Flat, Pitched, Shingle, Rubber

Community Information
County: BERKSCross Street: ROUTE 562
Subdivision Name: NONE AVAILABLEZoning: LI

Property Information From MLS Data
Accessibility Features: NoneBuilding Features: Private Restrooms, Overhead Door, Sprinkler System
Business Type: Manufacturing, WarehouseDOM: 730
MLS Area: Douglas Twp (10241)New Construction YN: N
Building Count: 1Property Sub Type: Industrial
Year Built: 1900

Utilities
Cooling Type: Central A/CElectric Service: Circuit Breakers, Single Phase, 3 Phases, 200+ Amp Se
Heating Type: Forced AirSewer Septic: On Site Septic
Utilities: Water Available, Sewer Available, Natural Gas AvailaWater Source: Well, Well-Shared

Listing Information Courtesy of:
List Agent Full Name: Edwin J Brooks
List Office Name: Brode & Brooks Inc

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Listing courtesy of Edwin J Brooks, Brode & Brooks Inc

Information obtained from MDBMLS is current as of 11/12/2019 2:14 PM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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