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- LoopNet Team
1632 3rd St
Leesburg, FL 34748
New NNN Lease 8.3% CAP Rate · Industrial Property For Sale
PROPERTY FACTS
| Property Type | Industrial | Year Built | 1997 |
| Property Subtype | Manufacturing | Tenancy | Single |
| Building Class | C | Parking Ratio | 0.33/1,000 SF |
| Lot Size | 3.75 AC | Clear Ceiling Height | 30’ |
| Rentable Building Area | 61,250 SF | No. Drive In / Grade-Level Doors | 4 |
| No. Stories | 1 | ||
| Zoning | M-1 | ||
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 3.75 AC |
| Rentable Building Area | 61,250 SF |
| No. Stories | 1 |
| Year Built | 1997 |
| Tenancy | Single |
| Parking Ratio | 0.33/1,000 SF |
| Clear Ceiling Height | 30’ |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | M-1 |
UTILITIES
- Water - City
- Sewer - City
ABOUT 1632 3RD ST , LEESBURG, FL 34748
8.3% CAP Rate - Brand New 2020 NNN 5 year Lease w/ two 5 year options & escalations with National Credit Tenant. Rent Commencement is June 15th, 2020. 3.15 +/- Acres, 61,250+/- sf Total, Metal Bldg, Office / Showroom 1,872+/- sf, Warehouse 59,378+/- sf, 800 Amp, 3 Phase Power, 4, 14’X12’ Grade Level Roll Up Doors, 1, 14’X12’ Dock High Roll Up Door, Eve Height 22’ ft - 30’ Peak Height, Fully Sprinkled, 4 Restrooms, 5” Reinforced Fiberglass Mesh Concrete Slab, Built 1997, M-1 Zoning / City of Leesburg, Site is one Block off US 441 with an Avg Daily Traffic Count of 36,082 trips per day. Close to FL Turnpike, US 27, I-75, Hwy 44 & 301, Excellent Central FL Service Location. Gross Income 1st Year base rent is $22,968.75 per month or $275,625 Annual. 2nd year base rent is $23,542.97 per month or $282,515.64 annual. 3rd year base rent is $24,131.54 per month or $289,578.48 annual. 4th year base rent per month is $24,734.83 or $296,817.96 annual. 5th year base rent is $25,353.20 per month or $304,233.40 annual.
PROPERTY TAXES
| Parcel Number | 19-19-25-0003-000-03100 | Improvements Assessment | $2,766,906 |
| Land Assessment | $484,250 | Total Assessment | $3,251,156 |
PROPERTY TAXES
