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The property is efficiently designed/laid out on 1.39 acres and maximizes every foot available on the land. The bays were designed with leasing velocity in mind as the original developer did not make the spaces too large but left enough flexibility for Tenants to easily expand into contiguous space, if need be, which many of the Tenants ended up doing. The design was also crucial in determining the lease ability of the property as the smaller bay sizes made the property affordable for any prospective tenant looking to lease space. This is why the property has over a 20-year history of being fully leased. The property consists of 2 building's - 1 property that is 6,400 sq. ft. and constructed of Modular Metal & 1 Property that is 10,100 sq. ft. and constructed of Concrete Block. The way the buildings were constructed was to provide 16 - 1,000 sq. ft. bays with a small office function and roll-up doors servicing he warehouses. Some of the bays are fully under air while others are not. There is a lot of flexibility for the current Tenants and prospective Tenant's which has been part of the long-standing interest that the property receives. The buildings share a common area parking lot that allows for a 2.5 Per 1000 parking ratio. The current Tenant mix is made up 7 well established businesses who have a long history of being great Tenants to the property. 57.58% of the Tenant mix is comprised of very strong regional businesses and State credit. This is advantageous for investors as they will get to enjoy the feel of a local low maintenance property but have the security of a strong regional credit limiting their risk and allowing them to comfortably navigate capturing the upside that the property had readily available.
Listed by Amy Fouraker, 4 ACRE REALTY LLC

Property Details of 6330 Old Cheney Highway

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Based on information submitted to MFRMLS as of January 16, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MFRMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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