12277 Us Hwy 41 - Warehouse FOR SALE
Palmetto, FL 34221 |
12277 Us Hwy 41
Palmetto, FL 34221
HIGHLIGHTS
- This manufacturing facility is essential to Century Boat’s operations and has been used to build boats for over 20 years.
- Century Boats will be executing a brand new, 10-year lease with 3% annual increases and one (1), 5-year options to extend.
- The lease structure calls for zero landlord responsibilities or operating expenses providing a truly passive investment for the investor.
- The company has a proven business model along with a growing dealer network and new model offerings to drive gains in market share.
- The Sarasota industrial market has experienced steady increases in demand and has a vacancy rate of less than 2%.
- The rental rate of $10.00/SF NNN is in line with the market and annual increases hedge against inflation.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1985
UTILITIES
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CLEAR CEILING HT
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DOCKS
-
DRIVE INS
-
PARKING SPACES
29
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
5967-3000-2
