6460 Parkland Dr - Warehouse FOR SALE


Sarasota, FL 34243- Whitfield
$6,140,000 USD
310-261-8428
6460 Parkland Dr, Sarasota, FL for Sale
$6,140,000 USD
Warehouse - FOR SALE
1/9
null | 6.5% Cap Rate

6460 Parkland Dr
Sarasota, FL 34243
Whitfield


OVERVIEW

DWG Capital Group is pleased to present 6460 Parkland Dr., Sarasota, FL 34243, a new opportunity to acquire, via long-term sale leaseback, a 23,895-square-foot, industrial manufacturing facility in the prime industrial corridor and coastal market of Central Florida priced at $6,140,000. The facility is strategically located in the FL-301 industrial corridor with 1000 feet of frontage along US Highway 301 and is less than two (2) miles from the Sarasota-Bradenton International Airport. The asset is currently leased to, and fully occupied by MDC Precision, a global supplier of engineered vacuum components and integrated systems serving semiconductor, aerospace/defense, life sciences, and research customers. This Property is the sole production Facility for MDC’s insulator seal division, including eight (8) product groups only manufactured in Sarasota, serving its ceramic to metal customer base. With a Year-1 Net Operating Income of $399,238 the asset is subject to a 20-year absolute net lease (19 years remaining) along with annual escalations of 2.50%. In addition, the Lease will include two (2), 10-year renewal options.

FOR SALE DETAILS

PRICE

$6,140,000 USD

PRICE/SF

$259 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

UTILITIES

-

CLEAR CEILING HT

24 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

17

LAND DETAILS

LAND ACRES

1.71

LAND SF

74,488

ZONING

HM, Samoset

APN/PARCEL ID

18498-2080-6

ASK ABOUT THIS PROPERTY

Judd DunningDWG CAPITAL GROUP ( Formerly NGKF/ARA)More Info
310-261-8428

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Judd DunningDWG CAPITAL GROUP ( Formerly NGKF/ARA)More Info
310-261-8428

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