Portfolio Sale

Industrial for Sale
Portfolio Sale
Catylist Listing ID: 30380323
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Warehouse/Distribution
Building Size (RSF): 83,675 SF
Gross Land Area: 6 Acres
Sale Price: $5,200,000
Unit Price: $62.15 PSF
Ceiling: 20 ft.
Office SF: 1,200 SF
Property Use Type: Investment
Building Name: Portfolio Listing Four individual properties
Usable Size (USF): 83,675 SF
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Average Occupancy Rate: 100
Last Updated: 2/13/2019

Overview / Comments

This is a portfolio sale of four individual industrial properties, three of which have improvements, the fourth is a fenced/cross fenced lay down yard of over one acre. The buildings are 100% leased, some longer termed but most locals with shorter termed leases. All structures are in great shape, newer roof on 2383. All properties are contiguous. Tenants vary in use: 2387 Is furniture warehouse and distribution, next tool and die, next multi tenanted, then the fourth property is the lay down yard.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 23110013;0012;0016;0015
Zoning: INDUSTRIAL
Property Located Between: University Parkway and downtown Sarasota
Highway Access: Just off US hwy 301 at 47th Street
Airports: SRQ very near by
Site Description: level, not in a flood zone, properties are paved
Area Description: industrial park. variety of uses
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Average
Year Built: 1983
Year Renovated: 1988
Roof Type: Folded Plate
Construction/Siding: Steel Frame
Exterior Description: painted metal
Parking Ratio: 5 (per 1000 SF)
Parking Type: Surface
Parking Description: Blacktop, stripes where needed
Total Parking Spaces: 30
Eave Height: 20
Column Spacing: 30 X 75
Sprinklers: Wet
Amps: 1,200
Volts: 440
X-Phase: 3
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Lighting: Fluorescent, Incandescent, High Pressure Sodium
Internet Access: Cable
Interior Description: most office areas are tile, clean and well kept
Zoning Description: industrial
Lot Frontage: 200
Lot Depth: 300
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities
Easements Description: storm water stored off site
Land Ownership: Trust
Legal Description: metes and bounds

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,969 74,207 171,219
Median Age: 55.48 45.17 46.62
Households: 2,382 32,693 76,010

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