Catylist ID: #30798326
34,856 SF Fully Leased NNN Investment Property
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|
|Unit Price:||$154.78 PSF|
|Office SF:||4,400 SF|
|Drive In Bays:||2 Bays|
|Property Use Type:||Net Leased Investment (NNN), Investment|
|Average Occupancy Rate:||100|
Overview / Comments
Well located NNN Investment Opportunity.
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, may be a possibility.
Seller will 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 *
|Nearest MSA:||North Port-Sarasota-Bradenton|
|Taxing Authority:||Manatee County|
|Zoning:||LM - LIGHT MANUFACTURING (MANATEE COUNTY)|
|Total Number of Buildings:||1|
|Parking Description:||Asphalt paved parking|
|Total Parking Spaces:||53|
|Zoning Description:||LM - Light Manufacturing (Manatee County)|
|Land Ownership:||Fee Simple|
|Legal Description:||LOTS 1, 2 & 3 BLK A 301 PARK OF COMMERCE NORTH, PI#18469.0117/9|
|Proximity:||1 mile||3 miles||5 miles|
Jeffrey S ButtonRICHARDSON KLEIBER WALTER KLEIBER BUTTON INC MFCRE Member
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