For investors: 3 Crane Way is fully leased for the next 15 months at a 10.1% capitalization rate. At the current listing price of $799,000, the investor rate of return is 10.1%. For owner occupants, 3 Crane Way would present additional income to pay for financing of over $45,000/year. Any owner may terminate the lease of 8000 SQFT (rear area) at any time. The tenant currently leasing the front 8000 SQFT with office wishes to stay longer, however, his lease is up December 31, 2016.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
