Industrial Investment Treasure

Industrial for Sale
Catylist Listing ID: 30485205
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Mixed Use, Light Industrial, Warehouse/Distribution
Building Size (RSF): 11,375 SF
Gross Building Area: 39,775 SF
Gross Land Area: 5 Acres
Sale Price: $3,479,000
Unit Price: $305.85 PSF
Property Use Type: Investment
Usable Size (USF): 39,775 SF
Sale Terms: Cash to Seller
Cap Rate: 7.46%
Average Occupancy Rate: 100
Last Updated: 8/31/2019

Overview / Comments

Three (3) Separate Buildings located in the high demand Industrial Association of Billy Creek Commercie Center . Good Tenant mix. Tenants have done well and some have expanded their businesses into additional space. The Front 2 bulldings have Retail/Office space w/Warehouse in the rear with overhead doors . These 2 also have approximately 600 feet of Luckett Road frontage.
The 5001 Building has 4 units of 1,800 each all with Overhead doors.
The 5011 building has 10 units at 2,120 SF each all with rear overhead doors.
The 5021 building was originally intended to have 6 units, but the tenant wanted one open space. It has 6 overhead doors.

Attachments & Media

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Taxing Authority: Lee County
Tax ID/APN: 104425100000G0000
Property Located Between: Just past Billy Creek Center coming from Interstate.
Highway Access: .04 mile from I-75 Exit 139. You can see from the property, but far enough away with buildings buffering any sound. Easy On/Easy Off with a truck stop, gas, dining etc right at the exit.
Site Description: Level Lot with Green Space at frontage.
Area Description: There is an Industrial Park next to property.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Good
Year Built: 2011
Construction/Siding: Concrete
Parking Type: Surface
Parking Description: Two rows of level marked spaces in front of the 5001 and 5011 buildings and several rows of marked parking in front of the 5021 building in the rear of the property.
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Lighting: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,692 36,650 113,010
Median Age: 31.95 34.62 39.08
Households: 1,717 12,583 44,398


Photograph of Listing Agent

Barbara Ann Monahan CCIM

MVP Realty - Commercial Services
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