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Hill Avenue Warehouse 1307 Hill Ave 64,316 SF 100% Leased Industrial Building Mangonia Park, FL 33407 For Sale



INVESTMENT HIGHLIGHTS
- Concrete Construction, Twin-T Concrete Roof
- 20' clear height
- Grade Level (front) and Dock (Rear)
- Heavy 3-phase power
EXECUTIVE SUMMARY
Buyers and Brokers: Aurum Property Partners is Seller’s exclusive broker. For Additional information, email broker, Peter Applefield, at pja@aurumpropertypartners.com or 561-252-2391. Peter will then email Confidential Non-Disclosure Agreement (CNDA) for execution. After full CNDA execution Peter will email comprehensive Offering Memorandum. Confidentiality with Showings: Aurum instructs prospective buyers not to communicate with any tenants in any manner. All showings must be authorized and supervised by Aurum. Disclaimer: The statements and information provided in this document are from sources we believe to be true and accurate. The information is not guaranteed and is subject to change. All interested parties shall complete their own due diligence on the property, review the information provided, and make their own assessment. All property measurements are approximate.
Basic Information:
1) Leases in Place: The property is 100% leased to seven tenants. All tenants have gross leases with Base Years for Op Ex and RE Tax stops. All the leases are generated from the same institutional-grade lease template.
2) Site: 3.03 acres or 132,000 square feet, rectangular, 660’ wide x 200’ deep.
3) Parking: The Property has approximately 100 parking spaces in front of the building. There is additional room for parking at the rear of the building.
4) Electric: Heavy 3-phase power to the building. If needed, additional power is available to the building.
5) Zoning: The Property is zoned “I” Industrial District in the Town of Mangonia Park. Industrial District zoning permits a wide variety of industrial uses. Additional uses in Industrial District are subject through Special Exceptions.
6) Building:
a). Individual Suites: The size of the seven suites range from 6,000 SF to 14,000 SF. For additional information (see attached Hill Avenue Individual Suites Spreadsheet).
b) Roof: Single-ply membrane
c) Concrete block stucco (CBS) construction with a concrete twin-T roof system.
d) HVAC: AC units range from new to 15 years old. Condensers in cages at rear of building. No AC penetrations in roof.
e) Fire-sprinklered.
f) Dimensions: 100’ deep x 600’ wide
g) Overhead Doors: Ten rear 12’ x 12’ dock doors, approximately 44 inches above ground level. Ten front 12’ x 14; grade level doors
h) Seven office/warehouse suites, from 6,000 SF to 14,000 SF. Each suite is 100+’ deep.
i) Exterior Painting: 2024
j) Paving, 3/4-inch overlay of front parking area: 2024.
Basic Information:
1) Leases in Place: The property is 100% leased to seven tenants. All tenants have gross leases with Base Years for Op Ex and RE Tax stops. All the leases are generated from the same institutional-grade lease template.
2) Site: 3.03 acres or 132,000 square feet, rectangular, 660’ wide x 200’ deep.
3) Parking: The Property has approximately 100 parking spaces in front of the building. There is additional room for parking at the rear of the building.
4) Electric: Heavy 3-phase power to the building. If needed, additional power is available to the building.
5) Zoning: The Property is zoned “I” Industrial District in the Town of Mangonia Park. Industrial District zoning permits a wide variety of industrial uses. Additional uses in Industrial District are subject through Special Exceptions.
6) Building:
a). Individual Suites: The size of the seven suites range from 6,000 SF to 14,000 SF. For additional information (see attached Hill Avenue Individual Suites Spreadsheet).
b) Roof: Single-ply membrane
c) Concrete block stucco (CBS) construction with a concrete twin-T roof system.
d) HVAC: AC units range from new to 15 years old. Condensers in cages at rear of building. No AC penetrations in roof.
e) Fire-sprinklered.
f) Dimensions: 100’ deep x 600’ wide
g) Overhead Doors: Ten rear 12’ x 12’ dock doors, approximately 44 inches above ground level. Ten front 12’ x 14; grade level doors
h) Seven office/warehouse suites, from 6,000 SF to 14,000 SF. Each suite is 100+’ deep.
i) Exterior Painting: 2024
j) Paving, 3/4-inch overlay of front parking area: 2024.
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$1,169,751
|
$18.19
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,169,751
|
$18.19
|
| Taxes |
$135,640
|
$2.11
|
| Operating Expenses |
$220,101
|
$3.42
|
| Total Expenses |
$355,741
|
$5.53
|
| Net Operating Income |
$814,010
|
$12.66
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $1,169,751 |
| Annual Per SF | $18.19 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $1,169,751 |
| Annual Per SF | $18.19 |
| Taxes | |
|---|---|
| Annual | $135,640 |
| Annual Per SF | $2.11 |
| Operating Expenses | |
|---|---|
| Annual | $220,101 |
| Annual Per SF | $3.42 |
| Total Expenses | |
|---|---|
| Annual | $355,741 |
| Annual Per SF | $5.53 |
| Net Operating Income | |
|---|---|
| Annual | $814,010 |
| Annual Per SF | $12.66 |
PROPERTY FACTS Under Contract
| Sale Type | Investment | Year Built | 1967 |
| Property Type | Industrial | Parking Ratio | 1.99/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 20’ |
| Building Class | B | No. Dock-High Doors/Loading | 11 |
| Lot Size | 3.03 AC | No. Drive In / Grade-Level Doors | 10 |
| Rentable Building Area | 64,316 SF | Opportunity Zone |
Yes
|
| No. Stories | 1 | ||
| Zoning | I - Industrial - Town of Mangonia Park | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 3.03 AC |
| Rentable Building Area | 64,316 SF |
| No. Stories | 1 |
| Year Built | 1967 |
| Parking Ratio | 1.99/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Dock-High Doors/Loading | 11 |
| No. Drive In / Grade-Level Doors | 10 |
| Opportunity Zone |
Yes |
| Zoning | I - Industrial - Town of Mangonia Park |
UTILITIES
- Lighting
- Water
- Sewer
1 1
PROPERTY TAXES
| Parcel Number | 44-43-43-05-11-001-0030 | Total Assessment | $4,477,736 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | $135,640 ($2.11/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
44-43-43-05-11-001-0030
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$4,477,736 (2024)
Annual Taxes
$135,640 ($2.11/SF)
Tax Year
2026
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Hill Avenue Warehouse | 1307 Hill Ave
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