3-Unit Industrial Investment Opportunity

Industrial for Sale
Catylist Listing ID: 30319260
Property Subtypes: Free-Standing, Light Industrial
Building Size (RSF): 7,500 SF
Gross Building Area: See Agent
Gross Land Area: 0.65 Acres
Sale Price: $595,000
Unit Price: $79.33 PSF
Ceiling: 12.5 ft.
Drive In Bays: 8 Bays
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 8.13%
Last Updated: 8/27/2019

Overview / Comments

A 7,500 sq. ft. industrial building, currently divided into three units. Unit A has a new 5-year lease, Unit B is leased to a long-term tenant who is currently on a month-to-month basis, and Unit C is owner occupied who would leaseback upon sale or would vacate at closing. The building has 12’ ceilings, with single phase power, and eight (8) 12’x10’ automatic overhead doors which provide drive through access to the units. Each unit has some office area, as well as a private restroom. This is an investment opportunity with potential owner leaseback or a great opportunity for a buyer who needs space now, and can use current rental income to offset some of their mortgage, as they grow into the remainder of the property.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 0996003020
Zoning: ILW
Highway Access: Located in an industrial area with immediate access to US 41 -- approximately 0.6 miles. The property is close to I-75, approximately 6.5 miles to Interstate access via Sumter Blvd.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Property Condition: Good
Year Built: 1987
Construction/Siding: Steel Frame
Parking Type: Surface
Sprinklers: None
X-Phase: Single

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,272 32,605 59,293
Median Age: 48.18 50.79 46.99
Households: 1,956 14,592 24,780

Contact

Photograph of Listing Agent

Roberta J Kolton Cera

MICHAEL SAUNDERS & COMPANY MFCRE Member
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