Industrial Warehouses

Industrial for Sale
Catylist Listing ID: 30336319
Property Subtypes: Industrial-Business Park, Warehouse/Distribution
Building Size (RSF): 3,237 SF
Gross Building Area: See Agent
Gross Land Area: 2.88 Acres
Sale Price: $388,440
Unit Price: $120 PSF
Ceiling: 22 ft. Clear
Drive In Bays: 12 Bays
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: 7.72%
Last Updated: 9/16/2020

Overview / Comments

Great Investment or 1031 Opportunity. This Property has a strong stable tenant that is an electrical contractor. Current NOI is $30,006.00 and escalates at 3% per annum. The tenant has one (1) three (3) year renewal period at 3% escalations. Property is in close proximity to I75 and major roadways.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0961-02-1012; 0961-02-1011
Zoning: PCD
Highway Access: I75 & Major roads
Airports: Punta Gorda Airport- 32 miles. Sarasota Airport- 28.2 miles
Area Description: This Newer Office/Warehouse park is centrally located right off of I-75 (exit 179) in North Port, FL. Minutes to Sarasota/Bradenton and Ft Myers.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 22,100 SF
Property Condition: Good
Year Built: 2007
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 13
Sprinklers: Wet

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 37,482 55,261
Median Age: 38.03 41.82
Households: 13,699 21,438

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