3439 Technology Dr
Venice, FL 34284
Technology Park · Industrial Property For Sale

Great double flex unit for sale right near to PGT! Price reduced to $375,000. Tenant has just signed new 2 year lease at a blended rate of $8.25 sf ($8 sf year 1 and $8.50 sf year 2) on a NNN basis from 6/1/19. Tenant has been in same location for many years. This indicates a cap rate of 8.1% on the asking price. Blended base rent is $28,875 a year. For each unit, Taxes are $1658 (2018), condo fees are $266 monthly and liability insurance is $100 a year. These are paid by the tenant on a monthly basis. All utilities are in the tenants name. Property is split +/- 50/50 office and warehouse with 2 bathrooms and 2 overhead doors to the rear. Multiple offices and kitchen area. Property is in good condition and the condo association is professionally managed. All information regarding the property, including but not limited to financial information and projections (e.g., cap rates and valuations) are based on information from a variety of sources including but not limited to public records and owner-provided data. While information is believed accurate, RE/MAX Alliance Group Inc/Ivan J Gould PA makes no representation or warranty as to its completeness, and you should not rely upon it without conducting your own due diligence and investigation to determine whether the property meets your criteria and is a suitable investment. Past results are not necessarily indicative of future performance. Owner-provided financial information will be available for review upon execution of a confidentiality agreement.