15,000 sf fully leased Industrial property
SOLD November 2009 for $655,000
2042 SW Hayworth Avenue, Port Saint Lucie, Florida 34953
| Building Size | 15,000 Square Feet |
| Land Size | 1.15 Acres |
| Zoning | Industrial |
| Electric | FPL |
| Year Built | 1990 |
| Construction | Metal |
| Roof | Metal |
| Sewer | City |
| Parking | 30 |
| Water | City |
| $7.20 to $9.60 Per Sf | Good Demographics |
| 14 Tenants | 12 Ft Overhead Doors |
| 4 blocks to I-95 | Tenant waiting list |
| Fully Leased | Good Cap Rate |
| Growth Area | Well 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.
Agent
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Office Phone: (772) 468-6895
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.