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36,000 SF Investment Warehouse

3807 65th Street, Vero Beach, Florida 32967
Sold: $1,625,000
36,000 SF Investment Warehouse

Property Details

Property Type
Improved property
Building Type
Freestanding
Building Size
36,000 sqft
Land Size
5.73 acres
Sewer
County
Water
County
Zoning
Light Industrial
Electric
FPL
Year Built
1973

Property Description

FEATURES:
-Central Indian River County Location
-Easement for future Rail Road Spur
-Three Phase Power
-Loading Dock
-Multiple tenants
-Plenty of Outside Storage Area
-Fenced Property
-Bay Doors in Front and Rear of Both buildings
-Excellent soil drainage
-Industrial Zoning allows many intense uses
-Outside Storage available for rent! $1.00 PSF

BUILDING SIZES:
3807 65th Street - 24,000 SF
3855 65th Street - 12,000 SF
AVAILABLE UNITS:
Unit # 2-5 - 6,000 SF can be divided = $6.00 PSF
YEAR BUILT: Both buildings were built in 1973
PROPERTY SIZE: 5.73 Acres
PROPERTY TAXES: $11,993.70 (2016 - Combined)
PROJECTED NOI: $164,000
RENTAL RATES: $5.50 - $6.00 PSF, Gross + Sales Tax
ZONING: (IL) Light Industrial
UTILITIES: County Well & Septic, FPL
CAP RATE: 9%
PRICE: $1,800,000

Location