3637 131st Avenue North

Industrial for Sale
Catylist Listing ID: 30098459
Property Subtypes: Manufacturing, Self Storage, Warehouse/Distribution
Building Size (RSF): 20,288 SF
Gross Building Area: See Agent
Gross Land Area: 1.20 Acres
Sale Price: $1,250,000
Unit Price: $61.61 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/21/2017

Overview / Comments

Broker: Ned Willis - NWillis@VectorRealty.com

Excellent investment opportunity for your 1031 exchange buyer. The NOI is $101,000+ and offers a CAP rate at just over 8%. Two years remain on the lease with two 1-year options. The current rental rate is $5.00 NNN. The renewal terms are at $5.50 and $5.67. The building was built in 1984 and offers 20' clear height, 1.2 acres, new roof in 2012, and a premium location. The property is located just off Ulmerton Road and 38th Street North across Ulmerton Road from the St. Pete/Clearwater Airport.

Attachments & Media

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 103016933730001101
Property Condition: Good

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,589 63,071 205,239
Median Age: 44.55 40.87 43.74
Households: 2,166 27,876 91,209

Contact

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