Exceptional opportunity at 1200 Butte St. This 4-acre property features three distinct buildings on 2 acres, with 2 acres undeveloped for future expansion. Long-term tenants recently renewed leases for 5 years on the entire 4-acre parcel, ensuring stable income across the full property. Projected 6.9% cap rate. Property Highlights: • 4 acres total (2 developed, 2 undeveloped) • 3 well-maintained buildings • Long-term tenants leasing all 4 acres with recent 5-year renewals • 6.9% cap rate • Prime location Investment Benefits: 1. Stable cash flow from established tenants across entire property 2. Significant development potential on 2 vacant acres (subject to lease terms) 3. Strong financial performance 4. Secure tenant commitment to full parcel 5. Opportunity for value appreciation Current buildings fully leased to established businesses. Undeveloped land, also under lease, offers potential for future growth or new construction to meet market demands, pending agreement with current tenants. Ideal for investors seeking immediate returns and long-term value. Property combines steady rental income with potential for future development, creating a compelling investment case. (id:51532)
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