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 |
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 |
|
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