Description

Sale Price: $950,000. Cap Rate: 4.7%. Size: 2,275 SF | NNN Leased Investment. Located just off Route 7 in Norwalk’s highly desirable Light Industrial Zone (SD-LI), this 2,275 square foot commercial/industrial property offers a strong investment opportunity with a triple-net lease in place through December 31, 2029. The property generates $44,400 in annual NNN income, reflecting a 4.7% capitalization rate. The building features a 10-foot overhead door, 10-foot clear height under beams with added height between, natural gas heating and central air conditioning, and a 100-amp, 3-phase electrical panel. The bright interior benefits from ample natural light, and the site provides abundant on-site parking. SD-LI zoning allows for a wide variety of permitted uses.