10 Cap National Franchise Credit Tenant

Industrial for Sale
Catylist Listing ID: 30294627
Property Subtypes: Industrial-Business Park, Light Industrial, Warehouse/Distribution
Building Size (RSF): 2,568 SF
Gross Land Area: 2.72 Acres
Sale Price: $275,000
Unit Price: $107.09 PSF
Docks/Doors: 2 Doors
Office SF: 1,128 SF
Drive In Bays: 2 Bays
Property Use Type: Investment
Building Name: Tru-Green Chemlawn
Usable Size (USF): 2,568 SF
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Average Occupancy Rate: 100
Last Updated: 10/18/2018

Overview / Comments

Property features metal warehouse with grade level entry and 20 ft eaves of 1,440 sf, built 2005. 1,128 sf of prefab offices built in 2007. Property size is 2.72 acres and is fenced.

Located between Tallahassee and Havana in the Gadsden Commercial Exchange Industrial Park

National Franchise Credit Tenant. Recently renegotiated a 5 year term with 5 year option.
10 CAP on income. Landlord pays RE taxes and lawn service.
Call for ND Agreement on NOI of $27,108.47 for fiscal year 2018.

Attachments & Media

Additional Details

Nearest MSA: Tallahassee
County: Gadsden
Taxing Authority: Gadsden County, Florida
Tax ID/APN: 3-03-2N-2W-1524-00000-0050
Zoning: INDUSTRIAL
Property Located Between: Havana and Tallahassee
Highway Access: US 27
Airports: Tallahassee Regional Airport
Area Description: Gadsden Commercial Exchange Industrial Park
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 1,440 SF
Property Condition: Average
Year Built: 2007
Roof Type: Gable
Construction/Siding: Metal Siding
Exterior Description: Metal
Parking Type: Surface
Eave Height: 20
Amps: 200
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Lighting: Fluorescent
Internet Access: Cable
Zoning Description: Industrial Zoning
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Septic
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,412 13,449
Median Age: 44.38 44.71
Households: 2,632 5,519
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