NNN Industrial 8.16 CAP

2205 N Pine Ave, Ocala, FL

$625,000

Price

3,535 sqft

Building Size

0.74 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
3,535 sqft
Lot Area
0.74 acres
Year Built
1964
Floors
1
Description

NNN investment opportunity with new five year term and long established national tenant. This 3,534sf office/warehouse is located on a hard corner along Hwy 441 north of downtown Ocala. Built in 1964 of concrete block and beam, the property was originally constructed for a dairy office and distribution center with refrigerated warehouse space and covered canopy along the dock high loading bays. The property is fully fenced and features a prominent monument sign with excellent visibility out front along Hwy 441 and a beautiful live oak tree out back, providing a pleasant shaded area. Interior features include a lobby, open work space, two private offices, a storage room and two restrooms. There are two separate cold storage areas. One space is 30'x30' room and the other is 10'x40'. The covered canopy provides protection from the elements and runs along the southern and eastern length of the building. The current national tenant has occupied the building for 31 years.

Located along Interstate 75 in North Central Florida, Ocala is a one-hour drive North of Orlando. Residents and businesses alike enjoy a high quality of life and a relatively low cost of living. Quality healthcare and one of Florida's lowest housing cost make Marion County a great place to live. The scenic landscape is graced by the pastoral beauty of more than 900 horse farms with plenty of green space for all to enjoy. Marion County is home to a diverse economy, blending horse farms and agricultural interests with a variety of business sectors including the new World Equestrian Center.

Highlights
  • NNN 8.16 CAP
  • 4% Annual Bumps
  • New 5-year lease option upon sale
  • Excellent Visibility on Hwy 441
  • Fenced Yard
  • (4) Dock High Loading Bays with Levelers
  • Solid Concrete Block Construction
Documents
Location
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