Industrial Investment | 6.5% CAP Rate

The current owner, Creative Door and Millwork, was founded in 2003 and is a distributor of residential, commercial and custom doors. They are a preferred vendor to one of the regions most prestigious and largest builders. Their 2021 gross revenue was in the low eight figures. They will leaseback 100% of this property for 5 years at $6.15 PSF NNN + OpEx, not to exceed $1.85 PSF in year one. This 1.48± acre corner lot offers access from 2 streets. The property is improved with 2 buildings totaling 34,615± SF, approximately 3,300± SF of that is finished space.

O/H Doors:
Building 1: Two 18’ x 14’, one 10’ x 14’ & one 10’ x 10‘ Dock Ramp
Building 2: One 16’ x 14’

Highlights:

• Phase I (2016) stating No Recognized Environmental Conditions
• Fenced secured yard
• 1 Dock high door with dock plate
• Rail access
• Pre-engineered Dean Steel building
• 6 Wall mounted exhaust fans
• Rare heavy industrial zoning
• 10 minutes to I-75, Exit 138
• Site is situated in a Lee County Opportunity Zone, providing tax incentives to investors