226 Field End Street
Industrial
for Sale
Sale Pending
| Catylist Listing ID: |
30790389 |
| Property Subtypes: |
Flex Space, Light Industrial, Other
|
| Status: |
Pending |
| Building Size (RSF): |
8,222 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
61,493 SF
|
| Sale Price: |
$1,595,000 |
| Unit Price: |
$193.99 PSF |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
5.31% |
| Last Updated: |
5/16/2022 |
Overview / Comments
|
Fantastic opportunity to purchase two freestanding industrial/office flex buildings. The property consists of 8,222 SF with the majority of the buildings being office space. Existing tenant will vacate upon lease expiration on December 31st, 2022. The current cap rate at listing price is 5.31%. The front building can easily be separated into 4 units creating much more upside for future Tenants and rent is currently below market. Property has an above average parking ratio.
|
Additional Details
| Nearest MSA: |
North Port-Sarasota-Bradenton |
| County: |
Sarasota |
| Tax ID/APN: |
0210150008 |
| Zoning: |
PID - PLANNED INDUSTRIAL DEVELOPMENT |
| Tenancy: |
Single Tenant |
| Year Built: |
1994 |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
12,528 |
89,000 |
| Median Age: |
45.57 |
48.59 |
| Households: |
4,800 |
38,619 |
|
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