Single Tenant Industrial Investment Opportunity

Industrial for Sale
Catylist Listing ID: 30314891
Property Subtypes: Free-Standing, Industrial-Business Park, Light Industrial, Warehouse/Distribution
Building Size (RSF): 24,201 SF
Gross Building Area: See Agent
Gross Land Area: 100,753 - 100,752 SF
Sale Price: $1,850,000
Unit Price: $76.44 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 7.96%
Last Updated: 8/1/2018

Overview / Comments

Total Square Feet: 24,201 SF
Sale Price: $1,850,000
Cap Rate: 7.96%
• Prime International Trade Center location, close to I-75
• Built in 2006 on 2.31 acres
• 100% occupied with strong regional tenant on long-term NNN lease
• 18,461 SF manufacturing warehouse (with additional mezzanine storage space) and
5,589 SF professional office space
• Steel frame, stucco over block 10' up topped with steel panels
• Two 14' dock-high loading doors and three 14' grade level loading doors
• Warehouse has 20' clear ceiling height
• Fully sprinklered
• 3‐phase power with transformer on site, 120 to 480 volt distribution
• 1000 amp main panel with 200 amp distribution panels
• Tenant has a one time right to terminate after the fifth year of the lease
• Part of a two parcel portfolio, together with 1451 Global Ct., priced separately

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0209080006
Zoning: PID
Tenancy: Single Tenant
Total Number of Buildings: 1

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,932 77,509
Median Age: 48.45 48.64
Households: 3,015 33,099
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