Small Flex! Big Return!

Industrial for Sale
Catylist Listing ID: 30702445
Property Subtypes: Flex Space, Industrial-Business Park, Light Industrial, Office Showroom, Research & Development, Warehouse/Distribution, Other
Condo? Yes
Building Size (RSF): 34,575 SF
Gross Building Area: See Agent
Gross Land Area: 2.82 Acres
Sale Price: See Agent
Property Use Type: Investment
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 2/10/2021

Overview / Comments

21 out of the 24 individual flex condos are for sale. They are either 1,584/sf or 1,653/sf. There are 10 contiguous units in building A and 11 contiguous units in building B. Total SF for sale = 34,575.
Unit 107-109 in building B is a combination of three 1,653/sf units totaling 4,959/sf.
Unit 103-104 in building A is a combination of two 1,653/sf units totaling 3,306/sf and unit 106-107 is the same.
The 1,584/sf units have roughly 385/sf of office and 1,200/sf warehouse.
The 1,653/sf units have roughly 403/sf of office and 1,250/sf of warehouse.
Zoning - PCD - Planned Community Development - City of North Port
1075-1077 Innovation Ave, North Port, FL 34289.
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Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0000008519
Is Condo?: Yes
Property Located Between: I 75 & Toledo Blade Blvd
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Property Condition: Good
Part of Planned Development?: Yes

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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


Photograph of Listing Agent

Theresa Blauch-Mitchell, CCIM

Sperry Commercial Global Affiliates SWFLCA Member
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