$2,600,000

About This Property

Great opportunity to purchase a 20,880 sqft masonry building that has a solid tenant in place.? The tenant is in the first 5.5 years of the 10 year modified lease period ending 12/5/2024.? At the end of the 10 year period, tenant has the option to renew for 5 additional years for $186,000 per year.? Tenant has agree to increase the rent to $14,875 per month and continuing for the remainder of the 10 year lease period with approximately 3.5 years remaining.? The lease is available during the Due Diligence period of the purchase contract.? The property consists of one single story building that sits on 3.3 acres site located at the rear of the property.? (Not the Public Storage) One of the unique items are the 144 parking spaces.? This parking ratio is uncharacteristically higher than is available for this type of property.? The buildings metal roofs are inspected annually with any needed maintenance needed.? The roof is in great condition.? All A/C units have been replaced from over the past 5 years.? The building is in overall excellent condition.?

infoProperty Details

Property Type

Industrial

Year Built

1998

Living Area

20,880 sqft

Lot Size

3.31 acres

Bathrooms

0

Ownership

Corporation

Days on Market

87

List Date

Sep 16, 2021

Sold Date

chairInterior Features

yardExterior & Lot

Listed By

KELLER WILLIAMS GULFSIDE RLTY

727-489-0800