49,200 Square Foot Industrial Space For Sale @ 12297 Us-41

Great 1031 Opportunity. Port Plaza is a privately owned warehouse facility located at the entrance of Port Manatee, Florida's 4th largest deep water port and the closest U.S. port to the Panama Canal.
Port Plaza is within 3 minutes to I-75 and I-275, approximately 35 to 40 minutes to Port Tampa and convenient to Sarasota, Pinellas and Hillsborough Counties.

This 49,200 SF warehouse facility is 100% occupied with $322,476 Gross Income and NOI of $248,681. CAP rate at list price is 7.3%. Upside potential to the new owner could be to increase lease rates which currently reflect below market rates. Leases have been kept short term to allow a new owner the choice to lock in longer lease terms with renewal options, change tenants or to occupy a portion or all of the facility.

The building is currently divided into 10 units, the two end caps are 10,750 SF each, the units adjacent to the end caps are 6,297 SF and the 6 interior units are 2,365 SF each. All spaces have air conditioned office space ranging from 300 SF in the interior units to 3000 SF in the larger units. The building was built in 2010 with concrete block and pre engineered steel construction and totally clear span to allow for dividing spaces as needs change. All windows are impact glass and have hurricane shutters. Roof is standing seam galvalume, fully sprinkled and 3 phase power. Each unit has a 12 x 14 front load door. The two end cap units have a 9 x 10 front load truck well. The building has monitored alarms and security cameras and is pre-wired for Verizon phone and Brighthouse cable.

Port Plaza is on 2.57 acres with 247 linear feet of frontage on US 41 and 481 linear feet of frontage on Dock Street. The facility has 70 parking spaces.

A TOP QUALITY, TURN-KEY PROPERTY WITH SIGNIFICANT NEAR AND LONG TERM POTENTIAL!

visit www.PortPlazaForSale.com for additional details.