2117-2125 47th st - Warehouse FOR SALE


Sarasota, FL 34234
$2,600,000 USD
941-323-0060
2117-2125 47th st, Sarasota, FL for Sale
$2,600,000 USD
Warehouse - FOR SALE
1/49
null | 6% Cap Rate

2117-2125 47th st
Sarasota, FL 34234


HIGHLIGHTS

  • Package of 2 side-by-side buildings totaling 12,000 SF
  • Great location with easy access to US-301
  • Tenant with new 3 year lease in place plus two 1 year options
  • Buildings in great condition with ample parking
  • Located in an industrial park off of 47th Street.
  • 5 minutes from Downtown Sarasota and approximately 10 minutes from the SRQ Airport.

OVERVIEW

This sale consists of 2 warehouse condos, both 6,000 SF each. They are being sold as a package subject to an existing lease for a single tenant that has a new 3 year term lease in place with two 1 year options thereafter. The tenant is a local garage door company that does installation, repair, and replacement for garage doors and openers and the starting rent is $13/SF NNN. The property is offered at $2.6M which equates to a 6% CAP Rate. The sale is based on a newly executed lease (3 years plus two 1-year Options) with Impact Home Services. The service provider under this lease is a locally owed franchise of Precision Garage Door (www.precisiondoor-swfl.com). Impact Home Services is a regional home-services company (www.impactholdings.us/locations) backed by the private equity firm Eagle Merchant Partners ( www.eaglemerchantpartners.com). Please do not disturb tenant, call broker for showings or with any questions. Located in an industrial park off of 47th Street, this property is well positioned for manufacruting, distribution, and storage. Right off of US-301, this location provides easy access to US-301 and is a straight shot to I-75 via either University Pkwy or Fruitville Rd. Additionally, it is located just 5 minutes from Downtown Sarasota and approximately 10 minutes from the SRQ Airport.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$217 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2117-2125 47th St

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

ILW

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Lee DeLieto Jr.Michael Saunders & CompanyMore Info
941-323-0060

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Lee DeLieto Jr.Michael Saunders & CompanyMore Info
941-323-0060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.