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2232 Walbert Ave

4,436 SF 100% Leased Flex Building Allentown, PA 18104 $695,000 ($157/SF) 5.43% Cap Rate

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Executive Summary

Welcome to 2232 Walbert Ave. Formerly the Parkland Bindery. This building has been re-done and no expense was spared. The facility is completely heated and air conditioned,and also has 3 phase electric. Two tenants currently occupy the first floor bringing in a total of $3,140.00/month in income. The entire upper level is available for owner use or to be rented out as well. Second floor estimated rental income $1,400.00- $1,600.00.

Financial Summary (Pro forma - 2024)	Annual	Annual Per SF
Gross Rental Income	$56,940	$12.84
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$56,940	$12.84
Taxes	$5,564	$1.25
Operating Expenses	-	-
Total Expenses	$5,564	$1.25
Net Operating Income	-	-

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual	$56,940
Annual Per SF	$12.84

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$56,940
Annual Per SF	$12.84

Taxes
Annual	$5,564
Annual Per SF	$1.25

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$5,564
Annual Per SF	$1.25

Net Operating Income
Annual	-
Annual Per SF	-

Property Facts Under Contract

Price	$695,000	Rentable Building Area	4,436 SF
Price Per SF	$157	No. Stories	2
Sale Type	Investment or Owner User	Year Built/Renovated	1971/2023
Cap Rate	5.43%	Parking Ratio	2.25/1,000 SF
Property Type	Flex	Clear Ceiling Height	12 FT
Property Subtype	Light Manufacturing Industrial Distribution Industrial Manufacturing Industrial Warehouse	No. Drive In / Grade-Level Doors	2
Lot Size	0.28 AC

Price	$695,000
Price Per SF	$157
Sale Type	Investment or Owner User
Cap Rate	5.43%
Property Type	Flex
Property Subtype	Light Manufacturing Industrial Distribution Industrial Manufacturing Industrial Warehouse
Lot Size	0.28 AC
Rentable Building Area	4,436 SF
No. Stories	2
Year Built/Renovated	1971/2023
Parking Ratio	2.25/1,000 SF
Clear Ceiling Height	12 FT
No. Drive In / Grade-Level Doors	2