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 |
| 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 |
| Sale Terms: | Sale/Leaseback |
| Cap Rate: | 4.85% |
| Average Occupancy Rate: | 100 |
| Last Updated: | 5/12/2022 |
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 * |
Additional Details
| Nearest MSA: | North Port-Sarasota-Bradenton |
| County: | Manatee |
| Taxing Authority: | Manatee County |
| Tax ID/APN: | 1846901179 |
| Zoning: | LM - LIGHT MANUFACTURING (MANATEE COUNTY) |
| 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 |
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 |
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