Categories
Grade Level
Automotive
Miscellaneous
NNN Leased
About this property
Fully leased 15,000 sf Industrial building. 14 tenants with the oldest there 10 years. 13-1000 sf bays, 1-2000 sf bay. $7.20 psf to $9.60 current rent with owner raising rents for the next new tenant to $8.40 psf to $9.60. Owner just leased space for double bay @$9.60 psf. Insurance will show this at a 7.74% current (not projected) cap rate. DCF cash flow shows this at a 19.18% after tax IRR. City water and sewer. Just 6 blocks to the entrance to Tradition and 4 blocks to I-95. Owner has waiting list of new tenants.
Property details
- Property Type
- Improved property
- Building Type
- Freestanding
- Building Size
- 15,000 sqft
- Land Size
- 1.15 acres
- Sewer
- City
- Water
- City
- Zoning
- Industrial
- Electric
- FPL
- Year Built
- 1990
- Roof
- Metal
- Parking
- 30
- 14 Tenants
- 12 Ft Overhead Doors
- Growth Area
- Well Kept
- Fully Leased
- Good Cap Rate
- Construction
- Metal
- 4 Blocks To I 95
- Tenant waiting list
- $7.20 To $9.60 Per Sf
- Good Demographics
Location
- Address
-
2042 SW Hayworth Avenue
Port Saint Lucie, Florida 34953