Commercial Sale Property - Industrial in Wildwood
Listing Price: $1,795,000
Description of Property
$$ Income Opportunity - 6.7% CAP Rate - National Credit Tenant - 9,848+/- SF Industrial Bldg and property with 4 years left on the initial term of a 5-year NNN lease with an additional 4, five-year options. Annual base rent is $120,000. Parking lot was recently resealed and restriped. Building was built in 2010 with multiple grade level roll-ups doors, finished offices, security fencing and gates. Site is .83+/- acre or 36,155+/- SF corner lot located in the attractive "South Wildwood Industrial Park" in the Wildwood & The Villages area, which is just 5 minutes from Florida's Turnpike, I-75 and less than an hour to Orlando, Tampa or Ocala. Building and property are immaculate and well maintained inside and out. Tenant use is automotive garage / warehouse. "Positioned at the apex of Central Florida’s economic triangle, Sumter County represents distribution hub advantages unique in Florida. Major transportation arteries include Interstate 75, Florida’s Turnpike, US Highway 301, and State Roads 44, 48 and 470. In addition, CSX rail bisects the county from north to south. This natural confluence of transportation arteries and our close affinity with two international airports and four major seaports make Sumter County a truly ideal location for distribution operations considering regional or national product distribution. And as a bonus, our inland location is less susceptible to hurricane damage while also being significantly less expensive than a location directly on the Gulf or Atlantic coasts." - Sumter County Economic Development Council . All information is believed accurate and correct but not guaranteed or warranted and subject to change without notice. DO NOT ENTER PROPERTY WITHOUT AN APPOINTMENT - Do not disturb tenants or enter property without listing agent.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Industrial
City: Wildwood
County: Sumter
Sq. Ft. Gross: 9,848
Year built: 2010
Annual Tax: $5,937
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
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Water Access: Not specified
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Exterior & Construction
Architectural Style:
Construction: Metal Frame, Metal Siding
Foundation: Slab
Roof: Metal
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Cooling: A/C - Office Only, Central Air
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Lot Information
Lot Features: Corner Lot
Lot Size (acres): 0.83
Lot Size (sq. ft.): 36,155 square feet
Lot Dimensions: irrg
Road Frontage: County Road
Adjoining Property: Industrial
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash, Conventional
Parcel Number: G30E001A
Zoning: M-1
Tax Legal Desc.: THAT PORT OF PLAT OF SOUTH WILDWOOD INDUSTRIAL PARK PB 11 PGS 8-8B DESC AS: BEG AT SE PT OF TANGENCY OF LOT IA SOUTH WILDWOOD INDUSTRIAL PARK PB 11 PGS 8-8B THENCE S 85 DEG 27'52"W ALONG N/LY R/W OF NE 37TH PL 135.06 FT THENCE N 04 DEG 45' *** CONTIN UED O
Listing courtesy of GRIZZARD COMMERCIAL REALESTATE. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.