Industrial for Sale
Catylist Listing ID: 30817770
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Light Industrial, Office Showroom, Self Storage, Truck Terminal, Warehouse/Distribution, Other
Building Size (RSF): 114,250 SF
Gross Building Area: See Agent
Gross Land Area: 16.80 Acres
Sale Price: $14,250,000
Unit Price: $124.73 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Usable Size (USF): 114,250 SF
Sale Terms: Cash to Seller
Cap Rate: 5.0%
Last Updated: 5/27/2023

Overview / Comments

PRICE REDUCTION!!!! Rarely available Class A Industrial 111,228sf under roof. 30' eave height with 35' peak. There's approximately 15,000sf of office space with the rest being manufacturing area. The entire manufacturing space has 5 ton motorized bridge cranes. The doors here are airplane hangar doors. The entire East side of the building opens up. The manufacturing space is nice and cool with the high ceilings and large doors for ventilation. There is currently a Class A, NNN Tenant in place through January 2025. The current tenant has two 5 year options to renew lease with same terms but at market rate which will have a positive affect on the CAP rate. If they do not choose to renew, this building sits on 16 acres so there's room to expand. The sellers who built this building, design and fabricate steel buildings. They went to the extreme on the construction of this amazing property. The exposed structural steel , curved parking shades, hangar doors, steel fiber reinforced concrete, high wind ratings are just some of the extraordinary features here. The property in in excellent condition and will not need major repairs for many years. Sellers just did a complete roof inspection. They tightened screws and replaced any panel showing signs of rust. The building is currently being pressure washed. Hurricane Ian had zero impact on this building. She's strong and solid. This property will not last long. With the looming Federal Reserve Banking Collapse, put your money somewhere safe. Let's make a deal TODAY!

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 2030300159
Property Condition: Excellent
Year Built: 2001
Construction/Siding: Steel Frame

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,438 67,440 193,469
Median Age: 48.34 44.6 45.73
Households: 1,973 28,599 85,229


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