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6785 114th Avenue, Largo, FL

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DetailMap
6785 114th Avenue

Largo, FL 33773 - South Pinellas Ind Submarket

(978.8 KB)

Property Type:Industrial Sub Type:- Status:Existing Year Built:2005
Building Size:7,500 SF Land Area:2.29 AC (99,752 SF)
Ceiling Height:18'0'' Loading Docks:4 ext Rail:- Power:-
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Zoning:M-1 Sprinklers:- Drive Ins:4 tot./10'0''w x 15'0''h Cranes:-
Parking:Free Surface spaces are available; Ratio of 1.33/1,000 SF Amenities:Fenced Lot


Single tenant, absolute triple net investment opportunity with excess land for development. This offering comprises a 10-year lease with yearly CPI increases, however the tenant maintains the right to cancel the lease after five years with a one-year penalty. The improvements include a fully occupied, freestanding, highly improved 9,500 square foot MOL industrial/flex facility with 5,000+ square feet of office, 3 grade level loading doors, 15' - 18' clear height on a 2.29 acre MOL site with excess land for additional development. The site was originally designed to accommodate three freestanding 7,500 square foot buildings with retention in place, and located along the perimeter of the site. There is also a 3,400 square foot MOL metal building/structure located at the southeast quadrant of the site that could be utilized by certain industries such as building products companies, landscaper's or contractors.

The asking price equates to a 6.7% cap rate for absolute NNN investment facility plus $271,000 for the additional .9-1.2 acre MOL industrial site that includes a 3,400 square foot MOL metal building/structure.

Financials will be provided upon full execution and approval of a confidentiality agreement.

EXCELLENT 1031 EXCHANGE OPPORTUNITY


Sale Notes:
Single tenant, absolute triple net investment opportunity with excess land for development. This offering comprises a 10-year lease with yearly CPI increases, however the tenant maintains the right to cancel the lease after five years with a one-year penalty. The improvements include a fully occupied, freestanding, highly improved 9,500 square foot MOL industrial/flex facility with 5,000+ square feet of office, 3 grade level loading doors, 15' - 18' clear height on a 2.29 acre MOL site with excess land for additional development. The site was originally designed to accommodate three freestanding 7,500 square foot buildings with retention in place, and located along the perimeter of the site. There is also a 3,400 square foot MOL metal building/structure located at the southeast quadrant of the site that could be utilized by certain industries such as building products companies, landscaper's or contractors.

The asking price equates to a 6.7% cap rate for the absolute NNN investment facility plus $271,000 for the additional .9-1.2 acre MOL industrial site that includes a 3,400 square foot MOL metal building/structure.

DO NOT CONTACT THE TENANT NOR THEIR EMPLOYEES

Industrial Realty Solutions, Inc.
Deron L Thomas
(727) 724-3300 x1




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