Categories
Dock High
About this property
8,000 sq ft IndustrialBuilding on .92 +/- acres. 8 dock height bays. Showroom. 3 phase electric. Rail Road siding. 5 Electric meters for division into multi-tenant building. Built to support a 4,000 sq ft loft in addition to the first floor. 2 Fully fenced yards. Good road access. If rented at $4 per square foot with 1/4 down on a 5.2% 20 year mortgage the return will be 18.08% IRR at $449,000. ($359,000 acqusation and $100,000 renovation to multi tenant) Market rent for this type of property is normaly $7 sq. ft. Reduced to $359,000
Straight line cap 7.13% for cash sale and renovation and 27% cash on cash cap rate.
Property details
- Property Type
- Improved property
- Building Type
- Freestanding
- Building Size
- 8,000 sqft
- Land Size
- 0.92 acres
- Sewer
- Septic
- Water
- Well
- Zoning
- Light Industrial
- Electric
- 3 Phase
- Year Built
- 1950
- Roof
- Metal
- Parking
- 16 Places
- New Roof
- 2 Fenced Yards
- Value Added
- Great Location
- Construction
- Concrete and block
- 5 Electric Meters
- Rail Siding
Location
- Address
-
718 Farmers Market Road
Fort Pierce, Florida 34982