Building 3 | 7176 15th St E
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Building 3 7176 15th St E
29,598 SF 100% Leased Industrial Building Sarasota, FL 34243 $4,250,000 ($144/SF) 8.36% Cap Rate
Investment Highlights
- 2 10'x14' surface doors
- LED lighting
- Concrete slab floors
- Parking spaces adjacent to front entrance
- 28 foot clear building height
Executive Summary
The subject warehouse unit is part of a three-building complex within the Newcraft Business Park. Per the County Appraiser, the subject unit contains 29,598 +/- SF of building area and has a zoning of LM - light manufacturing. As part of the Newcraft Business Park, Building "3" is a condominium subject to the Declaration, Other Easements, Restrictions, etc. The property is comprised of 29,598 +/- SF of air conditioned warehouse space, office spaces, storage spaces, and restroom. The building has 100% HVAC, insulation, and fire sprinklers. This building can be delivered vacant or fully tenanted. Cap rate is 8.36& at $12.00 per sq ft NNN.
Property Facts
| Price | $4,250,000 | Lot Size | 3.62 AC |
| Price Per SF | $144 | Rentable Building Area | 29,598 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8.36% | Year Built/Renovated | 1968/2015 |
| Property Type | Industrial | Parking Ratio | 0.27/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 28 FT |
| Building Class | C |
| Price | $4,250,000 |
| Price Per SF | $144 |
| Sale Type | Investment |
| Cap Rate | 8.36% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 3.62 AC |
| Rentable Building Area | 29,598 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1968/2015 |
| Parking Ratio | 0.27/1,000 SF |
| Clear Ceiling Height | 28 FT |
Amenities
- Air Conditioning
Utilities
- Water - County
- Sewer - County
- Heating - Electric
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PROPERTY TAXES
| Parcel Number | 66311-0135-9 | Improvements Assessment | $1,477,118 |
| Land Assessment | $0 | Total Assessment | $1,477,118 |
PROPERTY TAXES
Parcel Number
66311-0135-9
Land Assessment
$0
Improvements Assessment
$1,477,118
Total Assessment
$1,477,118
zoning
| Zoning Code | LM (Light Manufacturing) |
| LM (Light Manufacturing) |
-
Larry Starr -
SVN | Commercial Advisory Group
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Building 3 | 7176 15th St E
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