101 Park Ave Seaford, DE 19973

Located in the Seaford Industrial Park, this industrial investment property consists of 5 buildings totaling 42,660 square feet. The property is NNN leased with a current income of $290,623. Tenants reimburse for taxes and insurance. Offered at an 8% cap rate, the property is located in an Opportunity Zone. Seaford, DE is business friendly with no inventory tax and no sales tax, and economic incentives are offered through the City of Seaford. Building 1 is all office/showroom space, fully conditioned, and includes one overhead door and one restroom. Building 2 features a 20' ceiling with a 20 x 40 heated and cooled office, one restroom, and 3 drive-in doors. Buildings 3, 4, and 5 each have 32' ceiling heights. Building 3 contains natural gas suspended heaters, a small office with heat and air, and restrooms, along with 3 drive-in doors. Building 4 is equipped with natural gas heaters and 3 drive-in doors, but has no office area. Building 5 includes natural gas suspended heaters, a small office with heat and air, and a second office space with air and portable heat when needed. All buildings are well insulated with concrete floors.