34,856 SF NNN Leased Investment - Real Estate Only

Industrial for Sale
Catylist Listing ID: 30798326
Property Subtypes: Free-Standing, Manufacturing, Light Industrial, Net Leased, Warehouse/Distribution
Building Size (RSF): 34,856 SF
Gross Building Area: 35,320 SF
Gross Land Area: 3.08 Acres
Sale Price: $5,395,000
Unit Price: $154.78 PSF
Docks/Doors: 2 Docks
Office SF: 4,400 SF
Drive In Bays: 2 Bays
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Sale/Leaseback
Cap Rate: 4.85%
Average Occupancy Rate: 100
Last Updated: 12/1/2022

Overview / Comments

Well located Sale-Leaseback Investment Opportunity for a Investor.
Real Estate Only. Current Occupant to stay in place.

34,856 SF Manufacturing Facility on 3.08 Acres in a highly desirable industrial location. Expansion of the building for an additional tenant, or current tenant use, is a possibility.

Seller to sign a new 5 year NNN lease with Two, 5-year options and 3% annual increases.

Year 1 base rent will be $261,420 ($7.50/SF NNN) providing a 4.85% Cap Rate.

The 34,856 SF building includes 4,400+/-SF office area with reception area, multiple private offices, meeting areas and restrooms. Manufacturing/warehouse area includes 3 phase power, grade-level and dock-level doors, insulated ceiling and walls, storage mezzanine and fire sprinklers.

Great location in the US 301 corridor with convenient access to I-75 via SR 70 and University Parkway.

* Do Not Contact Building Occupant *

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: Manatee County
Tax ID/APN: 1846901179
Tenancy: Single Tenant
Total Number of Buildings: 1
Year Built: 2002
Parking Type: Surface
Parking Description: Asphalt paved parking
Total Parking Spaces: 53
Eave Height: 20
Sprinklers: Wet
X-Phase: 3
Zoning Description: LM - Light Manufacturing (Manatee County)
Lot Frontage: 452
Lot Depth: 300
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: LOTS 1, 2 & 3 BLK A 301 PARK OF COMMERCE NORTH, PI#18469.0117/9

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,942 83,840 185,828
Median Age: 32.58 44.64 44.77
Households: 1,744 35,470 80,064
© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither My Florida Commercial Real Estate nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.