9% CAP with Seller Leaseback
|Catylist Listing ID:
Free-Standing, Light Industrial, Office Showroom, Warehouse/Distribution
|Building Size (RSF):
|Gross Building Area:
|Gross Land Area:
|Drive In Bays:
|Property Use Type:
||Cash to Seller, Sale/Leaseback
Overview / Comments
This 2-building complex located just off N. Tamiami Trail in Nokomis is an excellent opportunity for an investor looking for a good return. Front building is a recently remodeled 3,040 sq. ft. showroom building which currently houses the sellers' lighting business. 5,000 square foot rear warehouse building is occupied by multiple tenants with units of 500 and 1,000 square feet. Warehouse has 14’ ceilings, 10 overhead doors, and single-phase power.
Seller is buying a larger property and wants to sell this current property with a lease back until their new space is remodeled and ready to occupy. We are estimating a 12-18 month lease back at market rate would yield an 9% CAP at listed price. Contact listing agent for more details.
Interested parties are welcome to visit the lighting showroom during business hours, but we ask that you DO NOT DISCUSS THE SALE OF THE PROPERTY WITH OCCUPANTS. Showings are by appointment only.
Attachments & Media
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