Description: The Gold City Warehouse Complex is an established warehouse rental property with substantial room for growth. The property is currently underdeveloped, and with the construction of additional buildings, will result in better return for an investor. The CAP rate is 4.8%. Gold City Warehouse Complex is located on Farrington Road, in the northern central area of New Providence. This convenient location is a 7-minute drive to the Nassau Container Port, and easy highway access to all points east, west and south. The property is a total of 4.25 acres, or 185,130 square feet. Lot 19 fronts on the southern side of Farrington Road and is 1.251 acres, being mostly undeveloped. The adjoining Lot 18, is 3.0 acres in size, and can also support additional buildings. There are a total of 3 buildings comprising a total of 50,385 square feet, with a current vacancy rate of 3 percent.

 

Listed by: Hideaways Real Estate

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