Catylist ID:
#30798326
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 |
| 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 |
| © 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. |
