Investor Opportunity 9% CAP: 32,834 SF Warehouse on 5.5 Acres

Industrial for Sale
Catylist Listing ID: 29970437
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Mixed Use
Building Size (RSF): 32,834 SF
Gross Land Area: 5.50 Acres
Sale Price: $599,000
Unit Price: $18.24 PSF
Ceiling: 15 ft.
Docks/Doors: 1 Dock, 1 Door
Office SF: 5,000 SF
Drive In Bays: 1 Bay
Property Use Type: Net Leased Investment (NNN)
Building Name: 3524 Garcon Point Rd
Usable Size (USF): 32,834 SF
Sale Terms: Cash to Seller
Last Updated: 9/19/2017

Overview / Comments

Price reduced from $669,000...!!! 32,834 SF metal warehouse on 5.5 Acres just off I-10. Currently leased for $5,580 Mo / $66,960 Yr NNN - 9% CAP. Tenant occupied and plans to leave Sept. 2018.

Owner will consider owner financing.

All steel building with 3 phase 220 power, updated electric, plumbing, lighting, outdoor security lighting, fencing and two restrooms in warehouse. Air conditioned small front office with two additional restrooms. Concrete foundation on grade with dock level loading and semi-trailer height overhead door. Plenty of turn around space for big rigs. Structurally sound with no leaks.

Excellent visibility from I-10 with over 40,000 vehicles passing by daily.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Taxing Authority: Santa Rosa County
Tax ID/APN: 27-1N-28-0000-00106-0000
Zoning: HCD
Property Located Between: Off I-10 between Hwy 87 and Avalon Blvd.
Highway Access: Approximately 1/2 mile paved road to I-10 ramp.
Airports: Penscola International Airport
Site Description: Level acreage zoned HCD.
Area Description: Sustained economical growth in this area. Commercial, agriculture and some residential. Access to I-10 is approximately 1/2 mile to ramp.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 32,834 SF
Property Condition: Average
Year Built: 1990
Year Renovated: 2003
Roof Type: Gable
Construction/Siding: Steel Frame
Exterior Description: Typical Metal Bldg
Parking Ratio: 1.5 (per 1000 SF)
Parking Type: Surface
Parking Description: Plenty of open parking.
Total Parking Spaces: 50
Eave Height: 12
Column Spacing: 25
Volts: 220
X-Phase: 3 Phase
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Lighting: Fluorescent
Internet Access: Cable
Interior Description: Typical metal bldg
Zoning Description: HCD (Highway Commercial Development), allows for most commercial uses.
Lot Frontage: 648'
Lot Depth: 736'
Water Service: Municipal
Sewer Type: Septic
Easements: Utilities
Land Ownership: Fee Simple
Legal Description: In file

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,526 6,655 24,129
Median Age: 38.49 38.46 38.63
Households: 973 2,593 9,379

Contact

Photograph of Listing Agent

Gary Watson, CCIM

EXIT Realty NFI-Commercial Gulf Coast CMLS Member
© Copyright Gulf Coast CMLS. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.