Office for Sale
Catylist Listing ID: 30049094
Property Subtypes: Net Leased
Building Size (RSF): 39,831 SF
Gross Building Area: See Agent
Gross Land Area: 1.86 Acres
Sale Price: $2,015,000
Unit Price: $50.59 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class C
Sale Terms: Sale/Leaseback
Auction Type: Absolute
Cap Rate: Undisclosed
Last Updated: 5/22/2018

Overview / Comments

Sale/Lease Back NNN industrial investment - 1.86 + acre industrial complex consisting of 5 buildings (4 warehouses + 1 office building, totaling 40,000 +/- SF. Well established (1998), international distribution company of stainless steel pipes, valves and fittings for the food, water and shipping industries. One of 5 nationwide FDA approved companies. Lakeland, Unincorporated Polk County, Florida. Off busy thoroughfare in indutrial area.

*Building 1: 12,331 SF steel warehouse, built 1972, 16' height, dock door
*Building 2: 12,500 SF steel warehouse, built 1971, 16' height, 2 RR, offices, oversized O/H door.
*Building 3: 3,000 SF steel warehouse, built 2013, 16' height, partail A/C, oversized dock doors.
*Building 4: 2,400 SF block office building, built 1972, fully renovated
*Building 5: 9,600 SF steel building


Finance Data Year 2017
Net Operating Income $199.16 (Annual)
Loan Amount $1,612,000
Down Payment $403,000
Amortization Period 15

Additional Details

Nearest MSA: Lakeland-Winter Haven
County: Polk
Tax ID/APN: 283228000000011010

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,688 16,183
Median Age: 51.31 44.56
Households: 2,735 6,282


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