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 $10,450.00 month (modified gross) with 9 roll up doors. This is Largo industrial property for sale. The subject property consists of 2 a great opportunity for an owner user looking for rental income with room for storage. Land use light manufacturing is 7,500 sq. ft. with 21,000 sq. ft. of space. The site contains approximately 2.0 acres (mol) or about 80,066 sq. Ft. (per property appraiser’s office). 200-amp 3 phase per unit.
|
Financials
| Finance Data Year |
2021 |
| Real Estate Taxes - Annual($) |
$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 |
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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