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MULTI TENANT WAREHOUSE BUILDING 3801-3815 Oleander Ave

12,000 SF 88% Leased Flex Building Fort Pierce, FL 34982 $2,849,995 ($237/SF)

Investment Highlights

  • Brand-new multi-tenant warehouse complex
  • Total area of 12,000 square feet, the individual units offer 1,500 square feet of space
  • Property holds a 7% cap rate with a net operating income of $203,400
  • Property comprises eight units, each equipped with a roll-up door, pedestrian entrance
  • Fully leased units

Executive Summary

Don't miss out on the chance to acquire a brand-new multi-tenant warehouse complex.
This property comprises eight units, each equipped with a roll-up door, pedestrian entrance, and space for tenant signage.
With a total area of 12,000 square feet, the individual units offer 1,500 square feet of space.
Situated within a neighborhood featuring comparable properties.
Property holds a 7% cap rate with a net operating income of $203,400.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $240,000 $20.00
Other Income - -
Vacancy Loss - -
Effective Gross Income $240,000 $20.00
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $240,000
Annual Per SF $20.00
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $240,000
Annual Per SF $20.00
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $2,849,995
Price Per SF $237
Sale Type Investment
Property Type Flex
Property Subtype
Light Manufacturing
  • Industrial Warehouse
  • FlexLight Distribution
Building Class B
Lot Size 1.53 AC
Rentable Building Area 12,000 SF
No. Stories 1
Year Built 2023
Parking Ratio 2.5/1,000 SF
Clear Ceiling Height 12 FT
No. Drive In / Grade-Level Doors 8

Amenities

  • Signage
  • Air Conditioning

Utilities

  • Lighting - Halogen
  • Water - City
  • Sewer - City
  • Heating - Electric

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
24-33-141-0002-0004
Land Assessment
$194,900
Improvements Assessment
$0
Total Assessment
$194,900

zoning

Zoning Code SLC (Saint Lucie County Industrial Light Three Phase Electric)
SLC (Saint Lucie County Industrial Light Three Phase Electric)
  • Listing ID: 31192793

  • Date on Market: 3/12/2024

  • Last Updated:

  • Address: 3801-3815 Oleander Ave, Fort Pierce, FL 34982

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