Motivated Sellers - $100,000 Price Reduction

Industrial for Sale
Catylist Listing ID: 30087410
Property Subtypes: Flex Space, Food Processing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Self Storage, Warehouse/Distribution
Building Status: Under Construction
Building Size (RSF): 60,000 SF
Gross Building Area: 20,000 SF
Gross Land Area: 5.70 Acres
Sale Price: $2,200,000
Unit Price: $36.67 PSF
Drive In Bays: 10 Bays
Property Use Type: Investment, Vacant/Owner-User
Building Name: Acline Business Park
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/20/2018

Overview / Comments

5.73 acres zoned Industrial General (IG). Approved Site Plan for three buildings of 20,000/sf each. The front building is complete consisting of 10 units, two units have been sold leaving the remaining eight units for lease income. Front building is 100% occupied and generating a nice income stream. Units are approximately 2,000/sf with 800/sf of built-out office/showroom and 1200 square feet of warehouse space. (actual amounts vary between units) Overhead doors in place to access the warehouse space. The slabs for the other two building are completed with all utilities are stubbed to each of the 10 units planned per building, parking areas are paved and provide for 212 parking spaces. The property is landscaped, and retention area is complete. 3 Phase electrical service on property. Great opportunity to receive income from existing units while developing the additional 20 units. Buyer must reactivate the permits and may pursue this plan or amend the site plan to any County approved scenario.
Southwest Florida currently has a high demand for the industrial/flex units. Presently the industrial/flex availability is below 2% vacancy. The market is demanding additional units to be built as the economy continues to rebound. The property has easy access from both US-41 and I-75.
A great place to locate your business and develop a much needed Business Park

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Taxing Authority: Charlotte County
Tax ID/APN: 412328677000
Zoning: INDUSTRIAL GENERAL (IG)
Property Located Between: Between Tamiani Trail (US 41) and Tayor Road, less than 1.5 miles to I 75
Highway Access: Tamiami Trail via Acline, I-75 via Taylor Road / Jones Loop Road
Airports: RSW / Punta Gorda Regional
Site Description: One Building Completed, two additional pads poured and ready for building. Plumbing and electric roughed in and stubbed out. The balance of the infrastructure in place, paved parking areas, 212 parking spaces, 3 phase electrical and retention pond complete.
Area Description: Charlotte County is experiencing heavy demand for industrial flex units for contractors and small retail and office businesses alike. We currently have fallen below 2% in vacancy for these type of units. The project is located in Punta Gorda's industrial commerce area..
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Typical SF / Floor: 2,000 SF
Property Condition: Excellent
Year Built: 2008
Roof Type: Flat
Construction/Siding: Stucco
Parking Type: Surface
Parking Description: 212 paved lined parking in place.
Total Parking Spaces: 212
Overhead Cranes: Undisclosed
Sprinklers: None
X-Phase: 3=phase
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Lighting: Fluorescent, Mercury Vapor
Interior Description: Clear open 2000/sf units. 20 Units to be build on pad ready sites
Zoning Description: Industrial General (IG)
Lot Frontage: 400
Lot Depth: 624.05
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Of Record
Legal Description: Folio # 412328677000

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 17,404 30,791
Median Age: 55.7 58.7
Households: 8,074 14,838
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