CRE Consultants professionally manages this 50,000± SF warehouse boasting 13 local tenants and a prime location in the Mid-Cape Industrial area, near Viscaya Parkway and Del Prado Boulevard.
This pre-engineered metal building is fully sprinkled, features 3-phase 400 AMP power, 12’ x 14’ overhead doors in each unit, and abundant natural light from 66 new skylights. The largest former tenant (10,650 SF) vacated July 1st and was paying only $8.55 PSF Gross! This presents a compelling value-add opportunity for users needing space in this tight market (1.4% vacancy Q1 2024) or savvy investors as the new asking lease rate for this space is $12 PSF NNN.
The owner after hurricane Ian invested in numerous capital improvements, including a new $700,000 TPO roof, skylights, LED interior lighting, fresh exterior paint, new overhead doors.
Seller financing is not preferred but will be considered for qualified buyers at a 50% loan to value, 6.5% interest only monthly payments, 3-year term.