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

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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

Contact

Photograph of Listing Agent

Jack Britton, CCIM

Professional Realty Consultants
SWFLCA Member
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