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2232 Walbert Ave

4,436 SF 100% Leased Flex Building Allentown, PA 18104 $976,253 CAD ($220 CAD/SF) 5.43% Cap Rate

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Executive Summary

Welcome to 2232 Walbert Ave. Formerly the Parkland Bindery. This building has been re-done and no expense was spared. The facility is completely heated and air conditioned,and also has 3 phase electric. Two tenants currently occupy the first floor bringing in a total of $3,140.00/month in income. The entire upper level is available for owner use or to be rented out as well. Second floor estimated rental income $1,400.00- $1,600.00.

Financial Summary (Pro forma - 2024)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$79,982	$18.03
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$79,982	$18.03
Taxes	$7,816	$1.76
Operating Expenses	-	-
Total Expenses	$7,816	$1.76
Net Operating Income	-	-

Financial Summary (Pro forma - 2024)

Gross Rental Income (CAD)
Annual	$79,982
Annual Per SF	$18.03

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$79,982
Annual Per SF	$18.03

Taxes (CAD)
Annual	$7,816
Annual Per SF	$1.76

Operating Expenses (CAD)
Annual	-
Annual Per SF	-

Total Expenses (CAD)
Annual	$7,816
Annual Per SF	$1.76

Net Operating Income (CAD)
Annual	-
Annual Per SF	-

Property Facts Under Contract

Price	$976,253 CAD	Rentable Building Area	4,436 SF
Price Per SF	$220 CAD	No. Stories	2
Sale Type	Investment or Owner User	Year Built/Renovated	1971/2023
Cap Rate	5.43%	Parking Ratio	2.25/1,000 SF
Property Type	Flex	Clear Ceiling Height	12 ft
Property Subtype	Light Manufacturing Industrial Distribution Industrial Manufacturing Industrial Warehouse	No. Drive In / Grade-Level Doors	2
Lot Size	0.28 AC

Price	$976,253 CAD
Price Per SF	$220 CAD
Sale Type	Investment or Owner User
Cap Rate	5.43%
Property Type	Flex
Property Subtype	Light Manufacturing Industrial Distribution Industrial Manufacturing Industrial Warehouse
Lot Size	0.28 AC
Rentable Building Area	4,436 SF
No. Stories	2
Year Built/Renovated	1971/2023
Parking Ratio	2.25/1,000 SF
Clear Ceiling Height	12 ft
No. Drive In / Grade-Level Doors	2

Amenities

Storage Space

Air Conditioning

Water - City
Sewer - City
Heating - Electric

1 of 1

PROPERTY TAXES

Parcel Number	548785840032-1	Total Assessment	$333,635 CAD
Land Assessment	$183,161 CAD	Annual Taxes	$7,816 CAD ($1.76 CAD/SF)
Improvements Assessment	$150,474 CAD	Tax Year	2024