Industrial Investment

Industrial for Sale
Catylist Listing ID: 30769060
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution
Building Size (RSF): 33,020 SF
Gross Land Area: 16 Acres
Sale Price: $850,000
Unit Price: $25.74 PSF
Docks/Doors: 2 Docks, 8 Doors
Office SF: 1,000 SF
Drive In Bays: 8 Bays
Property Use Type: Investment
Building Name: Former Round Trampoline
Usable Size (USF): 33,020 SF
Sale Terms: Cash to Seller
Average Occupancy Rate: 100
Last Updated: 11/22/2021

Overview / Comments

Large 16+ acreage industrial site west of Tallahassee with a total of 33,000+ SF of usable metal buildings. All of the three buildings on site are occupied. Upside rental on two of the leases as they are under rented. Attractive Price per square foot for a project of this size. Current NOI projected to be $73,758.00 for 2022.

Additional Details

Nearest MSA: Tallahassee
County: Gadsden
Taxing Authority: Gadsden County
Tax ID/APN: 3-22-2N-3W-0000-00314-0500
Zoning: INDUSTRIAL
Property Located Between: Midway and Quincy
Highway Access: Highway 90 (Blue Star Highway)
Airports: Tallahassee Regional Airport
Site Description: Rolling property with a pond in the middle.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Typical SF / Floor: 7,500 SF
Property Condition: Average
Year Built: 1977
Year Renovated: 2005
Roof Type: Gable
Construction/Siding: Steel Frame
Exterior Description: Metal
Parking Type: Surface
Parking Description: Asphalt yard partially fenced
Eave Height: 16
Sprinklers: None
X-Phase: 400
Heat Source: Central
Air Conditioning: Engineered System
Lighting: Fluorescent
Internet Access: Cable
Interior Description: Exposed metal in the warehouses
Zoning Description: Industrial
Lot Frontage: 554
Lot Depth: 1373
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: For Cellular Tower

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,718 15,347
Median Age: 31.37 37.21
Households: 760 5,537
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