6.25% CAP Rate 5 year lease

Special Purpose for Sale
Catylist Listing ID: 30787592
Building Status: Proposed
Building Size (RSF): 3,300 SF
Gross Building Area: See Agent
Sale Price: $530,719
Property Use Type: Investment
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 11/6/2022

Overview / Comments

Income-producing property listed at 6.25% cap rate. The tenant has a 5-year lease with 1 5-year option to renew. Lease started on January 1, 2022. There are two 1,200 SF warehouse spaces and 900 sq ft. carport. The property is fully fenced-in.

PROPERTY HIGHLIGHTS
Cap rate 6.25%
Gross income $39,437.52
Property expenses 2021 $6,267.62
Net income $33,169.90
Lease started on January 1, 2022 with 1 5-year option to renew
The property is fully fenced in
900 sq ft carport
Two 1,200 SF warehouse spaces

Attachments & Media

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Tax ID/APN: 402315353013
Zoning: CG
Year Built: 1990
Zoning Description: Commercial General

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,939 20,566 52,548
Median Age: 49.17 54.59 52.77
Households: 2,157 9,531 23,576

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