4501 Glenwood Rd
6,617 SF Industrial Building Brooklyn, NY 11203 $1,650,000 ($249.36/SF) 6.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Tenancy, NNN lease with over 6 years remaining and 3% Annual Increases
- Single Tenant NNN Leased Building
- Accessible Location, Immediate Access to Kings Highway
EXECUTIVE SUMMARY
4501 Glenwood Road is a corner commercial building, currently NNN-leased to a single tenant operating as an event/catering hall. The space was recently renovated in 2021 and is situated at an easily accessible corner with wraparound street parking.
The lease in place has over six years remaining, with 3% annual increases.
Contact the exclusive brokers for additional information or to arrange for a property inspection.
The lease in place has over six years remaining, with 3% annual increases.
Contact the exclusive brokers for additional information or to arrange for a property inspection.
PROPERTY FACTS
| Price | $1,650,000 |
| Price Per SF | $249.36 |
| Sale Type | Investment NNN |
| Cap Rate | 6.35% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Lot Size | 0.15 AC |
| Rentable Building Area | 6,617 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1931/2021 |
| Tenancy | Single |
| Clear Ceiling Height | 14’ |
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- K & L Manor
- Arts, Entertainment, and Recreation
- 6,617 SF
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| K & L Manor | Arts, Entertainment, and Recreation | 6,617 SF | - | Triple Net | - |
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Walk Score®
Very Walkable (76)
Transit Score®
Excellent Transit (87)
PROPERTY TAXES
| Parcel Number | 05022-0048 | Improvements Assessment | $226,800 |
| Land Assessment | $62,550 | Total Assessment | $289,350 |
ZONING
| Zoning Code | M1-1 (Light industrial with offices, hotels, and most retail uses permitted) |
