648 Gadson St - Distribution FOR SALE


Groveland, FL 34736
$1,990,000 USD
918-494-2690
648 Gadson St, Groveland, FL for Sale
$1,990,000 USD
Distribution - FOR SALE
1/3
null | 6.5% Cap Rate

648 Gadson St
Groveland, FL 34736


HIGHLIGHTS

  • Industry Leading Operator with Strong Parent Company
  • Recent Lease Extension | Mission Critical Location
  • Strategic Location within Orlando MSA with Strong Demographics
  • Long-Term Net Lease with Annual Rent Increases
  • Recession-Proof Tenant
  • IOS Functionality within Orlando MSA

OVERVIEW

Northmarq is pleased to offer qualified investors the opportunity to acquire an Industrial Outdoor Storage (IOS) property in Groveland, FL within the Orlando MSA. The Property is leased to Traffic Control Devices (TCD), a leading provider of traffic management solutions. TCD is a subsidiary of Asplundh Tree Expert, a company with S&P BB+ credit and $5.7 billion in annual revenue for 2024. The property is backed by a long-term net lease with 3% annual rent escalations. Strategically located within the Orlando MSA, it offers excellent access to major highways such as State Route 50 and State Road 33. In Association With Jason Long, FL Lic #BK3302956

FOR SALE DETAILS

PRICE

$1,990,000 USD

PRICE/SF

$343 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Traffic Control Devices

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

undefined, Warehouse, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

UTILITIES

-

CLEAR CEILING HT

22 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

16

LAND DETAILS

LAND ACRES

1.59

LAND SF

69,260

ZONING

M-1

APN/PARCEL ID

19-22-25-1600-000-00600,19-22-25-1600-000-00800

ASK ABOUT THIS PROPERTY

Brad PepinNorthmarqMore Info
918-494-2690

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Brad PepinNorthmarqMore Info
918-494-2690

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