North Port Industrial investment property.

Industrial for Sale
Catylist Listing ID: 30793060
Property Subtypes: Industrial-Business Park, Net Leased
Building Size (RSF): 10,000 SF
Gross Land Area: 30,828 SF
Sale Price: $1,038,000
Unit Price: $103.80 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Usable Size (USF): 10,000 SF
Sale Terms: Cash to Seller
Cap Rate: 5.24%
Average Occupancy Rate: 100
Last Updated: 5/20/2022

Overview / Comments

Fully leased concrete block multi-tenant industrial building built in 1985 on a corner lot. This property presents an excellent investment opportunity for a property that is in a conveniently located industrial park in a fast growing area just off US 41. The property consists of smaller units that are easily leased. Leases are NNN with staggered expiration dates. Current NOI is $54,370.00

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0996003109
Zoning: ILW
Property Located Between: Just east of US 41 off of Pan American Blvd.
Site Description: .7 acre corner lot in Industrial Park
Area Description: High growth area.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Year Built: 1985
Roof Type: Gable
Construction/Siding: Block
Parking Type: Surface
Parking Description: Concrete parking in front of units.
Zoning Description: Light industrial

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,272 32,605 58,533
Median Age: 48.18 50.79 46.78
Households: 1,956 14,592 24,366


Photograph of Listing Agent

Jack Britton, CCIM

Professional Realty Consultants
© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Southwest Florida Commercial Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.