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Bankruptcy Auction! NNN Retail Property
8 Industrial Lane, New Rochelle, NY - 10805
Description
Qualifying Bids Due: September 23rd Auction: Sept 28th
22,000+/- SF building on a 1.72+/- Acres. The building is in excellent condition and consists of a one-story plus a partial basement structure. Zoning is Large Scale Retail. Property is located in the large scale retail area of New Rochelle, surrounded by Home Depot, Costco, Party City, Ashley Furniture, local Diner andother successful retail stores.
$479,000+/- yearly net income over the next 12 months. 5 years left on initial term, with three(3) 5-year renewal optons. 2.5% annual lease increases.
Documents
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Auction Information
Property Information
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Terms & Conditions
- Buyers Premium NA
- Closing Sold in As-Is condition, no contingencies.
- Deposit Amount $500,000 due at time of auction. DEPOSIT MUST BE IN THE FORM OF A BANK CHECK.
- Broker Co-op 2% of the high bid will be paid to a properly registered broker at settlement.
Inspection
By Appointment
Auction Location:
TBD
New Rochelle, NY - 10805