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12277 Us Hwy 41
Palmetto, FL 34221
Industrial Property For Sale
Investment Highlights
- This manufacturing facility is essential to Century Boat’s operations and has been used to build boats for over 20 years.
- The lease structure calls for zero landlord responsibilities or operating expenses providing a truly passive investment for the investor.
- The Sarasota industrial market has experienced steady increases in demand and has a vacancy rate of less than 2%.
- Century Boats will be executing a brand new, 10-year lease with 3% annual increases and one (1), 5-year options to extend.
- The company has a proven business model along with a growing dealer network and new model offerings to drive gains in market share.
- The rental rate of $10.00/SF NNN is in line with the market and annual increases hedge against inflation.
Property Facts
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Warehouse | Year Built | 1985 |
| Building Class | C | Tenancy | Single |
| Lot Size | 2.50 AC | Parking Ratio | 1.3/1,000 SF |
| Rentable Building Area | 21,240 SF | ||
| Zoning | HM - Heavy Manufacturing | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.50 AC |
| Rentable Building Area | 21,240 SF |
| No. Stories | 1 |
| Year Built | 1985 |
| Tenancy | Single |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | HM - Heavy Manufacturing |
Property Taxes
| Parcel Number | 5967-3000-2 | Improvements Assessment | $1,450,017 |
| Land Assessment | $310,915 | Total Assessment | $1,760,932 |
Property Taxes
Parcel Number
5967-3000-2
Land Assessment
$310,915
Improvements Assessment
$1,450,017
Total Assessment
$1,760,932
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