Single Tenant Investment Property

Industrial for Sale
Catylist Listing ID: 30782524
Property Subtypes: Net Leased, Office Showroom, Warehouse/Distribution
Building Size (RSF): 10,000 SF
Gross Building Area: See Agent
Sale Price: $990,000
Unit Price: $99 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Lumber Liquidators
Sale Terms: Cash to Seller
Cap Rate: 5.6%
Last Updated: 1/17/2022

Overview / Comments

Great single tenant investment property for low maintenance investor. 10,000 SF warehouse/showroom with irreplaceable visibility and immediate access to I-110. Loading platform with two (2) dock high doors. Conditioned showroom with industrial fan in warehouse. Continually leased since 2011 to Lumber Liquidators. Recent lease renewal extended lease term to August 2026 with additional option to renew remaining. Metal Roof Recoated in 2018, 10-YR warranty.

Current Tenants

Tenant Business Name Lumber Liquidators
Is Renting? Yes
SF of Space Occupied 10,000 SF
Lease Expiration 8/0031
Options One (1) 5 YR Option
Tenant Notes Leased continually since 2011

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 052S301103000002
Zoning: C-3
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1984
Construction/Siding: Metal Siding

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,910 78,825 166,718
Median Age: 40.81 37.97 38.01
Households: 3,023 31,489 68,066

Contact

Photograph of Listing Agent

Rachel Roberts

Neal & Company, LLC Gulf Coast CMLS Member
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