Industrial Investment Property

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30473531
Property Subtypes: Free-Standing, Manufacturing, Light Industrial
Status: Pending/Contingent
Building Status: Proposed
Building Size (RSF): 7,800 SF
Gross Land Area: 32,050 SF
Sale Price: $865,000
Unit Price: $110.90 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Usable Size (USF): 7,800 SF
Sale Terms: Cash to Seller
Cap Rate: 7.2%
Average Occupancy Rate: 100
Last Updated: 8/15/2019

Overview / Comments

Please contact the agent for more information about this listing.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $7,689 (Annual)
Gross Operating Income $81,763 (Annual)
Net Operating Income $62,263 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name Naples Custom Carpentry Inc.
Industry Type Construction
Is Renting? Yes
Current Rent $6,814 PSF (Annual)
Lease Expiration 1/2024
Escalations 3% on base rent currently $5,188.63/month. Total rent includes $1625/month CAM, based on real estate taxes, insurance, maintenance, and operating expenses.
Options One 3 year option

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 07452507000000200
Zoning: IL (LIGHT INDUSTRIAL)
Highway Access: Located off Metro Parkway with easy north-south access to major arteries leading to US 41 and Interstate 75
Site Description: Typical light industrial property
Area Description: Major Fort Myers Industrial Center
Tenancy: Single Tenant
Property Condition: Good
Year Built: 1999
Year Renovated: 2016
Roof Type: Arched

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,438 60,790 135,692
Median Age: 45.73 45.53 46.37
Households: 2,900 28,440 61,125

Contact

Photograph of Listing Agent

Bruce S. Preble

Commercial Realty Specialists LLC
SWFLCA Member
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