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6 Cap investment Industrial warehouse Florida
$2,362,333
10581 47th Street, Clearwater, FL 33762
For Sale
Industrial
Warehouse
Active
Last Updated: 08/07/2023
6
Cap Rate
143,000
NOI
Details:
Cap Rate: 6%
NOI: $143,000
Building Size: 19,600 sqft
Occupancy: 100%
Lease Type: Triple Net
Year Built: 1997
Price Per Sqft: $120.53
Tenancy: Multiple
Floors: 1
Parking Spots: 20
CeilingHeight: 18
Restrooms: 2
Floor: 1
HVAC: Yes New
Warehouse %: 90%
Year Last Renovated: 2020
Lease Expire Year: 10/31/24
Investment Strategy: Value Add
Highlights:
- Investment 6 cap
- Excellent condition
- Location with access to US19 and I-275
- Perfect 1031 exchange property
- Florida Tax Free State Income Tax
- Long term tena
Description:
Warehouse with two tenants 100% leased. Both tenant spaces have one truck well and one 16’ garage door for drive in. Six (6%) cap rate. Recently renovated with exterior paint, repairs, new HVAC units with five year warranty. 12 covered parking spaces and a total of 20 parking spaces. Location provides easy access to US 19 and I-275 via 118th Avenue.
Location
Gallery
