2575 Front St - Warehouse FOR SALE


Cottondale, FL 32431
$2,667,000 USD
570-762-6075
2575 Front St, Cottondale, FL for Sale
$2,667,000 USD
Warehouse - FOR SALE
1/4
null | 8.25% Cap Rate

2575 Front St
Cottondale, FL 32431


HIGHLIGHTS

  • Brand New 5-Year Lease | Annual Rental Increases | Options to Extend
  • NNN (Minus Roof) | Fee Simple Ownership | Limited Landlord Responsibilities
  • Near State Rd 231 | Three External Docks & Drive In Access Point | Nearby National/Credit Tenants
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

• The tenant just signed a brand new 5-year lease with 1 (5-year) option to extend, demonstrating their commitment to the site • The lease features 3% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$2,667,000 USD

PRICE/SF

$66 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Steel Framing Facility

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

3

DRIVE INS

1

PARKING SPACES

29

LAND DETAILS

LAND ACRES

5

LAND SF

217,800

ZONING

Industrial

APN/PARCEL ID

36-5N-12-0000-0100-0000

ASK ABOUT THIS PROPERTY

Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

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Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.