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    1/2 BATHS
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    $/SQFT

Listing Details

Status
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On Site
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On Market
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MLS #
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Neighborhood
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Type
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Built
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School Ratings & Info

Description

GREAT INVESTMENT! 6.5% return! Over 27,000 sqft of immaculate industrial warehouse space is now available!!! This property WILL NOT LAST!!! Additional units are: 7909,7915,7921,7927 included in the sale. 3 total parcels, 2 of the parcels have 2 units each while 1 of the parcels is vacant land. Currently, the property has 4 total income-producing units with long-term tenants; paying below-market rent resulting in a huge add-value play. The average rent is about $6 sqft. While the market is ranging from $9.50-$15 depending. Also included in the sale is a 1.36 Acer industrial property ready to be built, right across the street. The estimated amount of warehouse space available for this lot is about 11,000-13,000 sqft. Conservatively projecting a $77,500 - $92,750 NOI at $8.50sqft which is significantly below market for new construction industrial space. DO NOT GO TO PROPERTY! TENANTS ARE NOT AWARE OF THE SALE! PLEASE CALL THE LISTING AGENT!

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© 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-09-19T15:39:45.817.
www.cainepremierproperties.com/homes/120227940
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Address Not Available By Request Port Richey, FL 34668

  • Price: $2,899,000
  • Status: Active
  • Updated: 70 min ago
  • ID#: U8133034
0
Beds
0
Baths
0
½ Baths
0.66
Acres
23,156
SQFT
$125
$/SQFT
2003
Built
Neighborhood:
Port Richey
County:
Pasco
Area:
Port Richey
Property Description
GREAT INVESTMENT! 6.5% return! Over 27,000 sqft of immaculate industrial warehouse space is now available!!! This property WILL NOT LAST!!! Additional units are: 7909,7915,7921,7927 included in the sale. 3 total parcels, 2 of the parcels have 2 units each while 1 of the parcels is vacant land. Currently, the property has 4 total income-producing units with long-term tenants; paying below-market rent resulting in a huge add-value play. The average rent is about $6 sqft. While the market is ranging from $9.50-$15 depending. Also included in the sale is a 1.36 Acer industrial property ready to be built, right across the street. The estimated amount of warehouse space available for this lot is about 11,000-13,000 sqft. Conservatively projecting a $77,500 - $92,750 NOI at $8.50sqft which is significantly below market for new construction industrial space. DO NOT GO TO PROPERTY! TENANTS ARE NOT AWARE OF THE SALE! PLEASE CALL THE LISTING AGENT!
Exterior Features

Construction Materials Metal FrameMetal Siding Foundation Details Slab Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Cooling A/C - Office OnlyCentral AirMini-Split Unit(S)Wall/Window Unit(S)

Property Features

Additional Parcels Yn Yes Flood Zone Code Ae Listing Terms Cash Net Operating Income 112000 New Construction Yn No Property Condition Completed Property Sub Type Industrial Realtor Info Currently LeasedDocs AvailableNo SignSee AttachmentsSurvey Available Special Listing Conditions None Tax Annual Amount 13466.00 Tax Year 2020 Total Num Buildings 2


Listing information © 2021 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of Re/Max Action First Of Florida.



© 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-09-19T15:39:45.817.
 
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Caine Luxury Team | Keller Williams Realty Naples
879 Vanderbilt Beach Rd.
Naples FL, 34108