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1213 Cascade Dr
Twisp, WA 98856

$1,395,000 USD

Warehouse For Sale  •  9,400 SF

Property Details

  • Property Type Warehouse
  • Total Building Size 9,400 SF
  • Lot Size 1.5 AC
  • Building Class B
  • Year Built 1984
  • Tenancy Single
  • Zoning C
0 Transit Score
1 Walk Score

Highlights

The lease has been renewed 5 times on 5yr lease terms for the last 25 years plus from Garda Securities a Multi Billion International Company
The current lease is up for renewal before April 26 and the new owner can raise the rates to current market rates to get to a cap rate of 7.5 -8.5%
Fenced in 1.5 acre compound with 12 outside large covered parking for big trucks as well as extensive additional parking and storage
Owner financing available 1/3 down owner carry up to 3 years at 5.5% interest only with a balloon payment
There are 9 individual insulated well lit units that could be rented separately at potentially much higher rates should Garda ever move

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 16
Type: Surface
Included in Rent: Yes
John McNamara 509-322-1402 CastleRock International LLC
John McNamara 509-322-1402 CastleRock International LLC