800 Armstrong Blvd - Warehouse FOR SALE


Kissimmee, FL 34741- Gateway
$4,864,755 USD
512-910-2665
800 Armstrong Blvd, Kissimmee, FL for Sale
$4,864,755 USD
Warehouse - FOR SALE
1/6
null | 5.75% Cap Rate

800 Armstrong Blvd
Kissimmee, FL 34741
Gateway


HIGHLIGHTS

  • Lease includes a corporate guarantee from the Hajoca Corporation, the parent company of Gorman.
  • This newly constructed warehouse is leased at a highly competitive $17.48 per SF — well below market averages
  • Lease offers limited landlord responsibilities and includes 3.25% annual increases as well as fair market rent clauses at the renewal options
  • Hajoca's footprint has doubled at this location to help meet current demand and support future sales growth out of this facility
  • Being the only Hajoca branch in the Southern portion of the Orlando MSA, this branch has a large service radius and is a highly profitable branch
  • Facility is strategically positioned near the Kissimmee Gateway Airport and is easily accessible to both U.S. Route 192 and U.S. 17

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale the 16,000 SF Hajoca located in Kissimmee, FL (Orlando MSA). This facility was just expanded for the tenant to accommodate the high demand for their product in the market and support future sales growth. This is a rare opportunity to acquire a well-located industrial asset on a long-term lease with strong 3.25% annual increases backed by an industry leading tenant. In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953

FOR SALE DETAILS

PRICE

$4,864,755 USD

PRICE/SF

$608 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

HAJOCA (Gorman) - Kissimmee, FL

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Manufacturing, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

UTILITIES

-

CLEAR CEILING HT

15 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

15

LAND DETAILS

LAND ACRES

2.02

LAND SF

87,991

ZONING

IB, Kissimmee

APN/PARCEL ID

20-25-29-1563-0001-0020

ASK ABOUT THIS PROPERTY

Stratton GreigSands Investment Group Austin, LLCMore Info
512-910-2665

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Stratton GreigSands Investment Group Austin, LLCMore Info
512-910-2665

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