Incredible Investment Opportunity on Manatee Avenue!

Industrial for Sale
Catylist Listing ID: 30040820
Property Subtypes: Flex Space, Free-Standing, Light Industrial, Office Showroom, Warehouse/Distribution, Other
Building Size (RSF): 5,000 SF
Gross Land Area: 0.47 Acres
Sale Price: $689,000
Unit Price: $137.80 PSF
Docks/Doors: 2 Doors
Office SF: 2,500 SF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Building Name: Rare Freestanding Flex Space on Manatee Avenue!
Usable Size (USF): 5,000 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 6.0%
Average Occupancy Rate: 100
Last Updated: 9/19/2017

Overview / Comments

5,000 s.f. building, evenly split with office and warehouse space including ample parking! Great corner location on Manatee Ave. with high visibility and great traffic counts. These buildings are in high demand and hard to find!

Floorplan is 6 offices, 1 reception office, breakroom/conference room, and an open work area. 1 ADA bathroom each in office and warehouse areas

There is currently a tenant in building. Please respect their privacy. An advance appointment can be made to view the property.

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $3,848 (Annual)
Tax Value Land $88,984
Tax Value Improvements $100,099
Assessed Value - Total($) $189,083 (Annual)
Potential Rental Income $51,000 (Annual)
Net Operating Income $40,666 (Annual)
Gross Operating Income $49,300 (Annual)
Actual or Proforma Year Actual
Annual Debt Service $3,223 (Annual)

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: City of Bradenton
Tax ID/APN: 1259200002
Zoning: T4-OPEN
Highway Access: SR 64 East is a direct corridor to I-75
Airports: Bradenton-Sarasota, St.Pete-Clearwater, Tampa International
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,000 SF
Property Condition: Excellent
Year Built: 1998
Construction/Siding: Brick/Aluminum Siding
Exterior Description: Mixture of stucco front half and metal rear half for warehouse portion
Parking Type: Surface
Total Parking Spaces: 11
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: DSL
Interior Description: Drop ceiling office with multiple offices, open center area, reception/intake area and lunch room
Zoning Description: City Of Bradenton: T4-Open
Lot Frontage: 111
Lot Depth: 192
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Larry Pearson
Legal Description: LOT 1, BLK 4, MRS M J GRIFFINS PLAT, LESS 6934 SQ FT FOR RD R/W DESC (1109/3041) PI#12592.0000/2

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,295 84,198 193,086
Median Age: 32.09 39.97 43.19
Households: 3,387 33,353 80,465
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