9,940 sq. ft. Investment Opportunity

Industrial for Sale
Catylist Listing ID: 30174401
Property Subtypes: Free-Standing, Manufacturing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 9,940 SF
Gross Building Area: See Agent
Gross Land Area: 1 Acre
Sale Price: $850,000
Unit Price: $85.51 PSF
Ceiling: 16 ft.
Office SF: 800 SF
Drive In Bays: 1 Bay
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.6%
Last Updated: 5/23/2019

Overview / Comments

Fully Leased 9,940 sq. ft. Industrial Building with new 5-year term for CAP of 7.6%. Building has approximately 800 sq. ft. of office area which has been recently remodeled, and features large reception area, 2-large private offices, conference room, and small copy/work area. 9,140 sq. ft. +/- warehouse is fully insulated and features 600amps of 3-phase power, 16’ ceiling height, and excellent lighting provided by numerous skylights. Bonus 1,400 sq. ft. of mezzanine area above office area, not included in the total square footage. 1.0 Acres +/- site is partially fenced and zoned CHI (Heavy Commercial and Light Industrial) in the City of Palmetto. Located at the corner of 12th Street East and Canal Road (16th Ave E) this location provides easy access to I-75 and I-275 via Highway 301 or US 41.
Financials for investment opportunity available upon request.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: Manatee County
Tax ID/APN: 2582300109
Zoning: CHI
Highway Access: I-75 and I-275 via Highway 301 or US 41
Tenancy: Single Tenant
Total Number of Buildings: 1
Property Condition: Good
Year Built: 1997
Construction/Siding: Steel Frame
Parking Type: Surface
Total Parking Spaces: 20
Sprinklers: None
Amps: 600
X-Phase: 3
Air Conditioning: Package Unit
Lighting: Fluorescent, Other
Zoning Description: Heavy Commercial and Light Industrial in the City of Palmetto
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,483 57,126 167,879
Median Age: 35.55 39.59 43.67
Households: 2,533 21,968 69,497

Contact

Photograph of Listing Agent

Roberta J Kolton Cera

MICHAEL SAUNDERS & COMPANY MFCRE Member
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