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710 NE 2nd Ave - 8% CAP Fully Leased Property

2.28 Acres of Industrial Land Offered at $1,200,000 in Okeechobee, FL 34972

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Investment Highlights

Current Tenant: Occupying the land with 4 years remaining on the initial lease term, plus a 5-year option and 3% annual rent increases
Location: Directly on a rail line with access to CSX Rail Line, off US Hwy 441

Building: 15,428 square-foot with grade-level and dock-high loading

Executive Summary

This 2.28-acre ground-leased industrial property offers a unique investment opportunity with a tenant currently occupying the land. Located directly on a rail line, the site includes a 15,428 square-foot building with both grade-level and dock-high loading, presenting potential value-add through renovation. Positioned off US Hwy 441 with direct access to the CSX Rail Line, this centrally located property benefits from a robust transportation network, providing quick access to metropolitan areas, seaports, and airports in West Palm Beach, Ft. Lauderdale, Miami, and Orlando. Situated in Okeechobee, a hub for heavy industry and agriculture, the property is just 30 minutes from Florida’s Turnpike and I-95. The current tenant has four years remaining on the initial lease term, with an additional five-year option and 3% annual rent increases, offering a 8% cap rate. Located on the north shore of Lake Okeechobee, the largest lake in Florida, and is connected to the Atlantic and Gulf of Mexico by the Okeechobee Waterway. The area is home to several international companies, enhancing its industrial appeal.

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Property Facts

Price	$1,200,000	Property Subtype	Industrial
Sale Type	Investment or Owner User	Proposed Use	Commercial Industrial Open Space Agribusiness
No. Lots	1	Total Lot Size	2.28 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,200,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Industrial
Proposed Use	Commercial Industrial Open Space Agribusiness
Total Lot Size	2.28 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	$1,200,000	Lot Size	2.28 AC
Price Per AC	$526,315.79

Price	$1,200,000
Price Per AC	$526,315.79
Lot Size	2.28 AC

Ground-leased industrial property offers a unique investment opportunity with a tenant currently occupying the land. Located directly on a rail line, the site includes a 15,428 square-foot building with both grade-level and dock-high loading.

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