Listing Courtesy: Alex Cooper Auctioneers, Inc. - 410-828-4838
List price is Opening Bid at the Online auction to be conducted on Auctioneers website. - Auction ends Thursday, March 20, 2025 at 11:00 AM. Improved Commercial Building currently NNN leased to Sakura Cafe Carry Out II on the main level including a take out counter, full restaurant kitchen, walk in cooler, stove, deep fryers etc. There is also a half bathroom on the main level. The upper level is improved by 2 bedrooms and 2 full bathrooms. Features Include: Separate meters for 1st & 2nd level, Wood type floors & Tile throughout property, Each bedroom upstairs has a ductless mini split. Tenant has been occupying the property since November 1, 2022. They are currently in year 3 of 5 year term. The rent increases by 5% annually throughout the term of the lease. Base rent will be $61,261 annually in 2027. Tenant is responsible for Utilities, Maintenance and Real Property Taxes. **Current Monthly Rent of $4,630.50 **Current NNN Annual Rent of $55,566**
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Last Updated: 2025-03-08 20:27:55
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EXIT ON THE HARBOR REALTY
600 Fairmount Avenue Suite #205, Towson, MD 21286