NNN Investment Warehouse in LWR

Industrial for Sale
Catylist Listing ID: 29562023
Property Subtypes: Warehouse/Distribution
Building Size (RSF): 18,424 SF
Gross Land Area: 1.53 Acres
Sale Price: $2,400,000
Unit Price: $130.26 PSF
Ceiling: 23 ft.
Docks/Doors: 7 Doors
Office SF: 2,000 SF
Property Use Type: Net Leased Investment (NNN)
Building Name: Quality Warehouse Bldg. in LWR
Sale Terms: Cash to Seller
Cap Rate: 0.06%
Last Updated: 7/19/2017

Overview / Comments

Great opportunity for a an end user looking for WH/office space and an income opportunity. Unique warehouse building in upscale Lakewood Ranch Business Park. Deed restrictions will insure a true corporate park setting as this park develops concurrent with the market recovery. The park is situated in the primary growth area of Lakewood Ranch and surrounded by ongoing residential development.

This unique building contains 16,200 sq. ft. on the ground floor, plus 2,224 Sq. ft. of finished and load bearing mezzanine space. There is approx. 2,000 sq. ft. of office space, 8,700 sq. ft. of climate controlled warehouse area, and 5,500 sq. ft. of non-A/C warehouse. Heavy power, 23' ceilings, and multiple grade level doors add flexibility. Split block exterior walls to 10' add class and durability. All warehouse areas are fully insulated. A truly first class building in a great location for long term value.

• Upscale corporate park setting
• Sale
• Nearly new, quality building
• A/C Office + partial warehouse
• Heavy, 3-phase power

Attachments & Media

Financials

Finance Data Year 2016
Potential Rental Income $145,640 (Annual)
Net Operating Income $145,640 (Annual)
Gross Operating Income $145,640 (Annual)
Down Payment $0

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 579101409
Zoning: PDI - PLANNED DEVELOPMENT INDUSTRIAL
Market Type: Medium
Property Located Between: Technology Terrace & Solutions Lane
Road Type: Paved
Highway Access: I-70
Airports: SRQ
Area Description: Terrific location in developing Lakewood Ranch Business Park, W off of Lakewood Ranch Blvd. N of SR-70 in growing area of Lakewood Ranch.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2010
Year Renovated: 2010
Parking Type: Surface
Overhead Cranes: Undisclosed
Lot Frontage: 221
Lot Depth: 329

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,555 20,423 82,825
Median Age: 63.57 48.02 48.86
Households: 728 8,084 35,329

Source

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