Single Tenant Investment Opportunity

Industrial for Sale
Sale Pending
Catylist Listing ID: 30333068
Property Subtypes: Industrial-Business Park, Office Showroom, Other
Status: Pending
Building Size (RSF): 23,040 SF
Gross Building Area: See Agent
Sale Price: $2,295,000
Unit Price: $99.61 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/16/2018

Overview / Comments

OFFERING SUMMARY
Sale Price: $2,295,000
Cap Rate: 7.77%
NOI: $178,434
Lot Size: 4.74 Acres
Year Built: 1988
Building Size: 23,040
Zoning: LM - Light Manufacturing
Market: Bradenton-Sarasota-Venice
Submarket: Manasota Industrial Park
Price / SF: $99.61
Industrial/Office investment opportunity available in Manasota Industrial Park with
an excellent lease in place at an attractive 7.77% Cap Rate. This 100% occupied
building includes distribution and professional office/showroom space on 4.73 ±
acres of land. The building and improvements were constructed in 1988 with tilt
wall construction. The Tenant is a strong national company services company and
is responsible for real estate taxes, property insurance and interior maintenance.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 1619601109

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,047 101,403 196,291
Median Age: 36.75 40.66 43.89
Households: 3,875 41,163 82,790

Contact

Photograph of Listing Agent

Melissa Dawn Harris

IAN BLACK REAL ESTATE LLC MFCRE Member
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