Investment Overview
This well-maintained ±0.92-acre commercial property offers a rare combination of multiple functional buildings, updated mechanical systems, and reliable backup power infrastructure. Originally purchased in 2003, the property has been thoughtfully expanded and upgraded over time, making it ideal for laboratory, medical, light industrial, office, or specialized operational use.
The site features three primary buildings totaling approximately 5,300+ square feet:
Main Building (±2,000 SF | Built 1988)
Wood-frame construction on concrete slab.
Steel Building (±1,500 SF | Built 2004)
Steel frame with metal siding on concrete slab. Equipped with a 2024-manufactured HVAC system in excellent condition.
Main Lab / Additional Building (±1,800 SF | Built 2014)
Wood-frame construction on pier and beam foundation.
Reliable Backup Power Systems
The property is supported by two Generac generators, ensuring operational continuity:
22KW Generac (Model G00704311, Installed 2024)
Under warranty, excellent condition
500-gallon propane tank (10–14 day runtime)
On annual service contract ($180–$220/year)
22KW Generac (Model 0065511, Installed 2015)
Excellent condition
250-gallon propane tank (7–10 day runtime)
On annual service contract ($180–$220/year)
HVAC Systems – Well Maintained
All buildings feature regularly serviced HVAC systems with filters changed monthly by on-site staff.
Two primary units (Installed 2013) with compressors and air handlers replaced within the last 5–7 years. Both maintain temperature efficiently; one unit introduces 10% fresh air.
Steel building HVAC manufactured in 2024.
Office building unit updated with major component replacements within the last five years.
Investment
Investment Highlights
- Multi-building property with flexible layout suitable for laboratory, medical, light industrial, or specialized operational use
- Strong infrastructure including backup power systems and updated mechanical components
- Combination of concrete slab and steel-frame construction for long-term durability
- Turn-key condition with consistent maintenance history
- Ideal owner-user opportunity or stabilized investment asset
- City sewer/water
- Lease & Income Overview
- Tenant base rent: $4,000/month ($48,000 annually)
- 3% annual rent increases
- Tenant responsible for 100% of Building Operating Expenses (NNN structure)
- Structured to support a cap-rate valuation approach
- Valuation Scenario (Based on $48,000 NOI)
- 8% Cap Rate = Approximately $600,000 Value
- Tenant Profile
- Tenant is a publicly traded corporation
- Operates in 61 countries
- Approximately 63,000 employees worldwide