249-268 Seaboard Ave 53,590 SF 96% Leased Industrial Building Venice, FL 34285 $8,600,000 ($160.48/SF) 8.45% Cap Rate

The Venice Warehouse & Self-Storage Complex is a fully renovated property featuring seven buildings, offering a total of 53,590 square feet and 116 leasable spaces. Currently 96% occupied with a 8.12% return with add value. Extensive upgrades include new roofs with steel beam replaced, fresh exterior painting, new gutters, downspouts, asphalt, main sewer line, and the installation of modern LED lighting throughout the complex. The property also boasts a newly constructed on-site manager/maintenance office, equipped with touchscreen technology and integrated property management software for efficient operations.
Additional enhancements include renovated bathrooms, updated electrical systems, and various other maintenance improvements to ensure the property meets modern standards.
Located near the Island of Venice, Legacy Trail, and directly across from City of Venice Park, this facility offers excellent accessibility and visibility. New owners can further enhance the property’s value by filling vacancies and optimizing operations. This renovated self-storage and small bay warehouse facility offers significant upside potential, making it a prime investment opportunity in a highly sought-after location.