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20 Ready Ave NW

33,431 SF Industrial Building Mary Esther, FL 32569 $1,950,000 ($58/SF) 7.56% Cap Rate

Investment Highlights

  • 25,991 SF free-standing building
  • Zoned CTP for versatile use
  • Built-in 1990 with modern amenities

Executive Summary

The building is on +/- 2.92 acres of land and offers +/-35,594 square feet of space. It was built in 1990 and is easily accessible from Ready Ave, at the roundabout of Hill Ave NW (21,500 AADT) and Hollywood Blvd NW (18,500 AADT). The current purpose of the building is to serve as a Kitchen & Bath Center Manufacturing and Distribution Warehouse.

Property Facts

Price $1,950,000
Price Per SF $58
Sale Type Investment NNN
Cap Rate 7.56%
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 2.93 AC
Rentable Building Area 33,431 SF
No. Stories 1
Year Built 1990
Tenancy Single
Parking Ratio 0.38/1,000 SF
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 2

zoning

Zoning Code CTP
CTP
  • Listing ID: 32533779

  • Date on Market: 7/20/2024

  • Last Updated:

  • Address: 20 Ready Ave NW, Mary Esther, FL 32569

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