Largo Industrial Investment Site!

Industrial for Sale
Sale Pending
Catylist Listing ID: 30381206
Property Subtypes: Free-Standing, Mixed Use, Light Industrial, Other
Status: Pending
Building Size (RSF): 20,700 SF
Gross Land Area: 1.80 Acres
Sale Price: $2,200,000 - 22,000,000
Unit Price: $106.28 - 1,062 PSF
Ceiling: 20 ft. Clear
Drive In Bays: 9 Bays
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/6/2022

Overview / Comments

Free standing buildings. Building 1 The owner/user building consists of 7,500 sq. Ft. of office space & factory floor, with 20 foot clear high, 2 roll up doors 1 (12x16) and 1 (8x8) door. There is also an additional 1,000 sq. of sq. Ft. mezzanine space. The property has heavy power (3 phase power 430 volt). Seller will execute a New 10-Year Lease at $5,000.00 per month with an option on an additional 10-Year team at closing. The second free standing building is 13,500 sq. ft. functioning as an investment property (7 tenants, all Long-Term month to month generating $10,450.00 month (modified gross) with 9 roll up doors. This is Largo industrial property for sale. The subject property consists of 2 a great opportunity for an owner user looking for rental income with room for storage. Land use light manufacturing is 7,500 sq. ft. with 21,000 sq. ft. of space. The site contains approximately 2.0 acres (mol) or about 80,066 sq. Ft. (per property appraiser’s office). 200-amp 3 phase per unit.

Attachments & Media

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $18,363 (Annual)
Potential Rental Income $185,400 (Annual)
Gross Operating Income $185,400 (Annual)
Net Operating Income $159,789 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name Eldorado Manufacturing Co
Contact Name Andy Miranda
Contact Title President
Phone Number (727) 586-0707
Industry Type Manufacturing
Employees Total 4
Year Founded 1992

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Taxing Authority: Pinellas County
Tax ID/APN: 02-30-15-47952-300-1400
Zoning: 4120 (LIGHT MANUFACTURING)
Property Located Between: Donegan Road & Highland Ave
Airports: Clearwater St Pete/ TIA
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 1986
Year Renovated: 1993
Roof Type: Gable
Construction/Siding: Metal Siding
Parking Type: Surface
X-Phase: 3
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LAKE LARGO HAMMOCK SUB NO. 1 SW 1/4, PT LOT 14 FR NE COR RUN S 80FT(S) FOR POB TH S 196.7FT TH W 318FT(S) TH N34DW 241.8FT TH E 460 FT(S) TO POB

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,594 123,331 303,523
Median Age: 53.6 48 46.16
Households: 8,462 57,050 135,252

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