Catylist ID: #29934581
25 Mechanic Street
Special Purpose for Sale
|Catylist Listing ID:||29934581|
|Building Size (RSF):||4,228 SF|
|Gross Building Area:||See Agent|
|Property Use Type:||Net Leased Investment (NNN), Investment|
|Sale Terms:||Cash to Seller|
Overview / Comments
For the first time in decades, the “Kleen Laundry” property portfolio is available for purchase.
25 Mechanic Street is one of three (3) properties within the portfolio and can be purchased separately or as part of the portfolio.
The property is currently leased under a pure triple net lease, which has been in place for over ten (10) years and has recently been renewed to July 10, 2021, with two (2) additional five (5) year options remaining.
25 Mechanic Street is strategically located on a busy street, with over 18,000 average daily traffic (ADT). The facility is the flagship retail laundry and dry cleaning facility for “Kleen Laundry”, along with its dry cleaning production facility.
Although strategically successful as a retail dry cleaning and laundry facility, the building is located in the General Commercial (GC) Zone and could be repurposed into other commercial uses over time.
25 Mechanic Street is offered at:
|Proximity:||1 mile||3 miles||5 miles|
Bruce M. Waters, CCIMLang McLaughry Commercial Real Estate NECPE Member
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