Two-Building Industrial Portfolio | 100% Leased | Pool Corp (NASDAQ: POOL) Anchored | 6.25% Cap

Highlights:

• Two free-standing industrial buildings totaling 27,454 SF on approx. 2.54 acres, plus a fenced 0.29-acre income-producing lot
• 100% leased to three tenants with $362,689 of in-place NOI, a 6.25% cap rate at $5,800,000
• 1745 Lakeside Ave (14,018 SF, built 2004) leased to SCP Distributors LLC, a subsidiary of Pool Corporation (NASDAQ: POOL), through 11/30/2028 with one 5-year option
• 1324 Mattie St (13,436 SF, 30-ft clear height, IW zoning) leased to Titanium Pro Hydraulics & Tools through 2/28/2028 with one 2-year option
• NNN leases with 3% annual rent increases; tenants reimburse taxes, insurance and maintenance
• Staggered lease expirations (2028 to 2030) with contractual rent growth built in
• Established St. Augustine industrial corridor between US-1 and SR 207, minutes from SR 312 and downtown St. Augustine
• Flexibility to hold as a portfolio or sell the assets individually

Description:

Coldwell Banker Commercial Premier Properties is pleased to offer a two-building, 100% leased industrial portfolio in St. Augustine, Florida. The offering consists of 1745 Lakeside Avenue, a 14,018 SF warehouse and office building on 1.53 acres in 312 Business Park, and 1324 Mattie Street, a 13,436 SF warehouse with office and mezzanine on 0.72 acres, together with the adjoining fenced 0.29-acre lot at 1330 Mattie Street. Combined, the portfolio totals 27,454 SF on approximately 2.54 acres and generates $362,689 of in-place net operating income, a 6.25% cap rate at the $5,800,000 asking price.

1745 Lakeside Avenue (built 2004, zoned PUD) is leased to SCP Distributors LLC, a subsidiary of Pool Corporation (NASDAQ: POOL), a publicly traded national distributor of swimming pool supplies, on a five-year NNN lease running through November 30, 2028 with 3% annual increases and one five-year renewal option. 1324 Mattie Street (zoned IW, 30-foot clear height) is leased to Titanium Pro Hydraulics & Tools Inc. on a three-year NNN lease through February 28, 2028 with 3% annual increases and one two-year renewal option, and the 1330 Mattie Street lot is ground-leased to North Florida Towing Corp. through February 2030.

Both properties sit in St. Augustine's established Old Moultrie Road / US-1 industrial corridor between US-1 and State Road 207, with quick access to SR 312, downtown St. Augustine and I-95. A national credit anchor tenant, NNN structure, contractual rent growth and functional, well-located buildings make this a clean, income-in-place acquisition with multiple exit options, including a future sale of the assets individually.

Located in Saint Augustine, Florida within an office and industrial complex between State Road 207 and US-1 S.

Three parcels totaling approx. 2.54 acres: 1745 Lakeside Ave (1.53 AC, zoned PUD, in 312 Business Park off SR 312), 1324 Mattie St (0.72 AC, zoned IW) and 1330 Mattie St (0.29 AC fenced lot). Both buildings are in the Old Moultrie Rd / US-1 industrial corridor of St. Augustine, between US-1 and SR 207.

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