Great Income Producing Property Investment Opportunity!

Expired Industrial for Sale
Catylist Listing ID: 29981881
Property Subtypes: Warehouse/Distribution
Building Size (RSF): 6,600 SF
Gross Land Area: 0.59 Acres
Sale Price: $510,000
Unit Price: $77.27 PSF
Drive In Bays: 8 Bays
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Expired On: 10/26/2017
Last Updated: 10/26/2017

Overview / Comments

A well managed facility with 100 % occupancy on MTM leases at below market rates offers the immediate opportunity to increase revenues. Property expenses are low and already covered by the existing rents. The North Port area is a strong growth area and this property is conveniently located with access to Hwy 41 and a short jaunt to I-75. Demand for this type of industrial facility is strong.

• 1) Fully occupied at below market rates
• 2) MTM NNN leases offer opportunity to increase rents to market levels
• 3) Growth area
• 4) Conveniently local to businesses and major traffic corridors
• 5) Priced "right" for the market

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: 39S
Tax ID/APN: 0996003015
Market Type: Medium
Road Type: Paved
Area Description: 5069 Trott Cir, Lot 15, Blk 30, 43rd add to Port Charlotte, Sec/Twp/Rge: 30-39S-21E
Tenancy: Multiple Tenants
Number of Stories: 1
Year Built: 1999

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,257 32,605 57,082
Median Age: 45.17 50.79 46.24
Households: 1,455 14,592 23,589


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