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6785 114th Avenue, Largo, FL
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6785 114th Avenue
Largo, FL 33773 - South Pinellas Ind Submarket
2.29 AC (99,752 SF)
For Sale Price:
4 tot./10'0''w x 15'0''h
Free Surface spaces are available; Ratio of 1.33/1,000 SF
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
CLICK HERE TO CONTACT THE SALES BROKER
FOR SALE CONTACTS
Industrial Realty Solutions, Inc.
Deron L Thomas
(727) 724-3300 x1
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