4597 NW Highway 70 - Self-Storage Facilities FOR SALE


Arcadia, FL 34266
$1,300,000 USD
954-466-8925
4597 NW Highway 70, Arcadia, FL for Sale
$1,300,000 USD
Self-Storage Facilities - FOR SALE
1/21
null | Request Cap Rate

4597 NW Highway 70
Arcadia, FL 34266


OVERVIEW

4597 NW Highway 70, Arcadia, FL 34266 is a ±3.5 acre corner lot industrial property offering a rare combination of in place income, significant value add upside, and irreplaceable highway frontage in DeSoto County's growing industrial corridor.? The site features two free standing buildings totaling ±11,920 SF.? Building 1 is a ±8,640 SF concrete block warehouse with a metal roof, configured as a 12 unit multi tenant flex strip with ten 10' overhead doors; the building is currently leased to eight tenants, with a single tenant occupying Units 7 through 11.? Building 2 is a ±3,280 SF stand alone shop measuring 80' × 36' with three overhead doors and 20' ceiling heights, fully leased to one tenant at $2,600 per month.? Income is further supplemented by a long standing billboard easement that generates $3,600 per year, with 15 years remaining on the lease term.? With the exception of the billboard, Building 2, and Unit 4 in Building 1, all tenants currently operate on month to month agreements with rents materially below market, providing an incoming investor with the ability to mark rents to market on a rolling basis without the burden of long term holdover leases.? Combined with ±50% of the site remaining as unimproved land available for expansion, additional outdoor storage, or new building pads, 4597 NW Highway 70 represents a stabilized cash flowing asset with a clear near term path to NOI growth and long term development optionality on one of South Florida's primary east west commercial arteries.?

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$108 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.5 AC

LAND SF

152,460 SF

ZONING

-

APN/PARCEL ID

28-37-24-0000-0185-0000

ASK ABOUT THIS PROPERTY

Phil MaisanoIndustrial Storage BrokersMore Info
954-466-8925

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Phil MaisanoIndustrial Storage BrokersMore Info
954-466-8925

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