15,000 sf fully leased Industrial property

  SOLD November 2009 for $655,000

2042 SW Hayworth Avenue, Port Saint Lucie, Florida 34953


Building Size15,000 Square Feet
Land Size1.15 Acres
ZoningIndustrial
ElectricFPL
Year Built1990
ConstructionMetal
RoofMetal
SewerCity
Parking30
WaterCity
$7.20 to $9.60 Per SfGood Demographics
14 Tenants12 Ft Overhead Doors
4 blocks to I-95Tenant waiting list
Fully LeasedGood Cap Rate
Growth AreaWell Kept

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.


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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