Great Opportunity; Priced to Sell here is your chance to purchase this income-producing Industrial Property which consists of 18, 550 sqft or can be purchased as a Portfolio along with 10416 Sparge St which consists of a 19,960-sqft warehouse, with the two properties totaling 38,510 square ft, sitting on almost two acres combined. The Sparge Portfolio offers Fenced Lot, Courtyard, Yard, and Demised WC facilities a gated entry features three-phase power with an installed three-ton overhead crane system, 20’ clear heights, and Zone C2 which allows for many uses plus light and heavy manufacturing. Properties are right off US 19 HWY located within less than an hour of the St. Petersburg-Clearwater Airport, Tampa International Airport, and the Tampa Central Business District. This building is currently leased by another tenant with two years and an 2 years option to renew Currently Leased for ($6) Six Dollars per square foot triple Net, selling at a 6.98% Cap Rate Appointments only please so do not disturb tenants.
Financial Considerations
Price:
$1,300,000
HOA Fee:
N/A
Tax Amount:
$6288.09
Price per SqFt:
$70.08
Tax Legal Description:
COM AT SE COR OF NE1/4 OF SEC TH ALG EAST LINE OF SEC N00DG 14' 20"E 137.06 FT TH WEST 372.24 FT TO WEST R/W LINE OF SR 55 (US HWY 19) TH N73DG 21' 49"W 600 FT TH S20DG 00' 54"W 514.71 FT FOR POB TH S20DG 00' 54"W 269.29 FT TO NLY BDY OF 50 FT WIDE DOT DRAINAGE DITCH R/W TH ALG SAID NLY BDY N27DG 31' 07"W 97 FT TH N60DG 35' 07"W 113.92 FT TH N26DG 05' 18"E 186.24 FT TH S69DG 59' 06"E 164.24 FT TO POB SUBJECT TO DRAINAGE EASEMENT PER OR 3142 PG 904