SUBJECT PROPERTIES: 178 AND 180 ROWLEY STREET - INCOME PRODUCING INVESTMENT PROPERTY WITH LONG-TERM TENANT ON A TRIPLE NET LEASE. ADDRESS 178 IS AN 8,000 +/- SQUARE FOOT 2-STORY BUILDING WITH DRY SPRINKLER SYSTEM. SITUATED ON A LOT SIZE OF 0.85 ACRE. CURRENT TENANT OPERATES SPORTING GOODS BUSINESS, ALONG WITH U-HAUL RENTALS, PLUS CLIMATE CONTROLLED STORAGE UNITS. ADDRESS 180 IS AN ADJACENT ONE ACRE LOT USED FOR THE STORAGE OF U-HAUL VEHICLES AND RELATED UNITS. TOTAL ANNUAL REAL ESTATE TAXES (PAID BY LESSEE) IS CURRENTLY $10,635.53. BOTH ADDRESSED PROPERTIES HAVE A "PHASE I ENVIRONMENTAL SITE ASSESSMENT" AND A "PHASE II SUBSURFACE INVESTIGATION"

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Best & Cavallaro