Inquire About this Property

Flex Building Investment

3769 Acline Road, Punta Gorda, FL 33950

Property Type:
Industrial
Size:
16,000± SF
Asking Price:
$1,400,000

Property Resources

Property Highlights

  • 6.78% Cap Rate
  • 8 fully leased, 2,000 SF flex units
  • Discounted bulk sale price of $2,200,000 for Building A and Pads B & C

The offering consists of 8-condo units in flex building “A” and 2 building pads, B & C.

Building A: Ten 2,000± SF flex condo units built in 2008 – Units A5 and A7 are already sold and are excluded from the offering. The 8 remaining units are fully-leased. Layout of units varies from 650 to 800 SF of office and 1,200 to 1,350 SF of warehouse spaces. Each unit includes one handicapped restroom, 3’ rear access door and a 10’ x 12’ roll-up overhead delivery door. Office ceiling height is 10’ and warehouse is 16’ to the beams.

Also Available – Building Pads B & C: Each are prepared for a 20,000 SF building with 10 flex condo units with the same layout as Building A. The building permits for these two buildings are expired and must be renewed. Concrete slabs and all the site improvements including electric, plumbing, parking lot, utility lines, water retention, landscaping, etc are in place. Building “A” and the pads can be purchased separately or for a discounted bulk price.

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Fred Kermani, CCIM, AIA

Partner