1825 E. 16th St.

.The property is currently leased on an NNN basis at $5,000 per month, with approximately 14 months remaining. The lease is below market, the tenant is willing to vacate if a new user is secured, allowing flexibility for an owner-user or new tenant. Lease rates are approximately $0.65 per square foot for the industrial space, or $0.72 per square foot when including the residential component. A key highlight is the property’s significant electrical capacity, featuring 800 amps of 480-volt power and an additional 300 amps of 240-volt service, ideal for power intensive users. The site is serviced by both well and city water. Additionally, the property includes a 1,100 square foot, three-bedroom, two-bath home currently leased at $900 per month to a long-term tenant, providing supplemental income or potential on-site housing. Ownership is also open to seller financing with a significant down payment and a five-year balloon, offering added flexibility for acquisition.The property is currently leased on an NNN basis at $5,000 per month, with approximately 14 months remaining. The lease is below market, the tenant is willing to vacate if a new user is secured, allowing flexibility for an owner-user or new tenant. Lease rates are approximately $0.65 per square foot for the industrial space, or $0.72 per square foot when including the residential component. A key highlight is the property’s significant electrical capacity, featuring 800 amps of 480-volt power and an additional 300 amps of 240-volt service, ideal for power intensive users. The site is serviced by both well and city water. Additionally, the property includes a 1,100 square foot, three-bedroom, two-bath home currently leased at $900 per month to a long-term tenant, providing supplemental income or potential on-site housing. Ownership is also open to seller financing with a significant down payment and a five-year balloon, offering added flexibility for acquisition.