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1927-1935 SW South Macedo Blvd 3,300 SF Industrial Condo Unit Offered at $525,000 in Port Saint Lucie, FL 34984
Investment Highlights
- Own less vs leasing
Executive Summary
Total building size 5,600 sq. ft. with 3,300 for three units and 2,300 for two units.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Sale Conditions | 1031 Exchange, Lease Option |
| No. Parking Spaces | 6 |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 6 |
| Sale Conditions | 1031 Exchange, Lease Option |
Description
Condo address is 1927-29-1931 a total of 3 units = +/-3,300 sq. ft. POA fee is $375 per unit x 3 = $1,125.00 monthly. Condo comes with 6 parking spaces.
Sale Notes
Seller will consider holding the note for a short timeline of 36 to 60 months with 15% ($75k) down and 8 percent interest/ 20-year amort.
Loan Amount $450,000.00
#36 of Months
(before balloon payment)
8% Annual Interest Rate
(Compounded Monthly)
$3,763.98 Monthly Payment
(Principal & Interest)
Monthly & Balloon
Balloon Payment $419,031.63
Loan Amount $450,000.00
#36 of Months
(before balloon payment)
8% Annual Interest Rate
(Compounded Monthly)
$3,763.98 Monthly Payment
(Principal & Interest)
Monthly & Balloon
Balloon Payment $419,031.63
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1927 | 3,300 SF | Industrial | $525,000 ($159.09/SF) | - |
Unit 1927
| Unit Size |
| 3,300 SF |
| Condo Use |
| Industrial |
| Price |
| $525,000 ($159.09/SF) |
| NOI |
| - |
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Unit 1927
| Unit Size | 3,300 SF |
| Condo Use | Industrial |
| Price | $525,000 ($159.09/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 6 |
| Sale Conditions | 1031 Exchange, Lease Option |
| Description | |
| Condo address is 1927-29-1931 a total of 3 units = +/-3,300 sq. ft. POA fee is $375 per unit x 3 = $1,125.00 monthly. Condo comes with 6 parking spaces.</li></ul> | |
| Sale Notes | |
| Seller will consider holding the note for a short timeline of 36 to 60 months with 15% ($75k) down and 8 percent interest/ 20-year amort. <br> Loan Amount $450,000.00<br> #36 of Months<br> (before balloon payment)<br> 8% Annual Interest Rate<br> (Compounded Monthly)<br> $3,763.98 Monthly Payment<br> (Principal & Interest)<br> Monthly & Balloon<br> Balloon Payment $419,031.63</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 5,600 SF | Typical Floor Size | 5,600 SF |
| Property Type | Industrial (Condo) | Year Built | 2004 |
| Property Subtype | Warehouse | Lot Size | 0.92 AC |
| Building Class | C | Parking Ratio | 1.07/1,000 SF |
| Floors | 1 | ||
| Zoning | CS SERVIC | ||
| Total Building Size | 5,600 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 5,600 SF |
| Year Built | 2004 |
| Lot Size | 0.92 AC |
| Parking Ratio | 1.07/1,000 SF |
| Zoning | CS SERVIC |
Amenities
- Air Conditioning
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Empire Automotive |
2,300 SF
|
-
|
| Vacate |
3,300 SF
|
-
|
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Street
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1927-1935 SW South Macedo Blvd
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