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1st Floor - Unit B103-104
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Flex
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4,400 SF
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$1,479,000 USD
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Unit Size: 4,400 SF
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Condo Use: Flex
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Price: $1,479,000 USD
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Sale Type: Investment or Owner User
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Price/SF: $336.14 USD
Description
Two light industrial flex units - can be sold separately for $739,500 each. Both units are being sold vacant. Each unit already has offices and restroom built so no construction delays here! All concrete exterior walls, impact-resistant glass windows and doors, and wind-tested overhead doors make for a storm-ready business location. The park-like setting is fully fenced and gated. Call Chris or BarbaraJayne to see them with 24-hour advance notice.
Sale Notes
Tenant in place currently with 30-day move-out provision. Units are being sold vacant and ready for the new owner to occupy as of Closing.
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1st Floor - Unit B107
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Flex
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4,400 SF
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$1,500,000 USD
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Unit Size: 4,400 SF
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Condo Use: Flex
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Price: $1,500,000 USD
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Sale Type: Investment
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Price/SF: $340.91 USD
Description
4400 SF light industrial flex space investment - perfect for investor or 1031 Buyer. The condo association takes acre of all exterior maintenance and the Tenant takes care of the interior maintenance.
This is a Sale Leaseback opportunity with a well-established pharma company. They have a 5-year Lease, with built-in rent increases each year, and two 5-year options, so long-term income is assured. Initial cash-on-cash return is just over 5%.
Sale Notes
2025 rental income is $116,400. 2025 expenses include condo fees of $15,600 and real estate taxes of $16,200. Factoring in a 5% contingency for possible expenses, the cash-on-cash return is just over 5%.
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Christina Morrison
Christina Morrison, P.A., CPM
