$3,000,000
Description
Great opportunity to purchase a 20,880 sqft masonry building that has a solid tenant in place.? The tenant is in the first 5.5 years of the 10 year modified lease period ending 12/5/2024.? At the end of the 10 year period, tenant has the option to renew for 5 additional years for $186,000 per year.? Tenant has agree to increase the rent to $14,875 per month and continuing for the remainder of the 10 year lease period with approximately 3.5 years remaining.? The lease is available during the Due Diligence period of the purchase contract.? The property consists of one single story building that sits on 3.3 acres site located at the rear of the property.? (Not the Public Storage) One of the unique items are the 144 parking spaces.? This parking ratio is uncharacteristically higher than is available for this type of property.? The buildings metal roofs are inspected annually with any needed maintenance needed.? The roof is in great condition.? All A/C units have been replaced from over the past 5 years.? The building is in overall excellent condition.?Property Highlights
- Property Sub-Type: Industrial
- Year Built: 1998
- MLS #: U8137260
- County: Pinellas
Property Features
| Construction Materials | Metal Siding |
| Cooling | Central Air |
| Interior Square Footage | 20,880 |
| Lot Size Acres | 3.31 |
| Lot Size Square Feet | 144,201 |