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Steel Framing Facility 2575 Front St 40,247 SF Industrial Building Cottondale, FL 32431 $2,750,000 ($68.33/SF) 8% Cap Rate
Investment Highlights
- Brand New 5-Year Lease | Annual Rental Increases | Options to Extend
- Near State Rd 231 | Three External Docks & Drive In Access Point | Nearby National/Credit Tenants
- NNN (Minus Roof) | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
Executive Summary
• The tenant just signed a brand new 5-year lease with 1 (5-year) option to extend, demonstrating their commitment to the site
• The lease features 3% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation
• The lease features 3% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation
Property Facts
| Price | $2,750,000 | Rentable Building Area | 40,247 SF |
| Price Per SF | $68.33 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 1974 |
| Cap Rate | 8% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.72/1,000 SF |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 3 |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 5.00 AC | ||
| Zoning | Industrial | ||
| Price | $2,750,000 |
| Price Per SF | $68.33 |
| Sale Type | Investment NNN |
| Cap Rate | 8% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 5.00 AC |
| Rentable Building Area | 40,247 SF |
| No. Stories | 1 |
| Year Built | 1974 |
| Tenancy | Single |
| Parking Ratio | 0.72/1,000 SF |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | Industrial |
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Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 36-5N-12-0000-0100-0000 | Improvements Assessment | $351,404 |
| Land Assessment | $50,000 | Total Assessment | $401,404 |
Property Taxes
Parcel Number
36-5N-12-0000-0100-0000
Land Assessment
$50,000
Improvements Assessment
$351,404
Total Assessment
$401,404
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Steel Framing Facility | 2575 Front St