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$4,150,000
$4,400,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
85,050 SqFt
SOLD DATE : 01/09/2019
Key Details
Sold Price $4,150,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 85,050 sqft
Price per Sqft $48
Subdivision Potterfield Garden Ac
MLS Listing ID O5702702
Sold Date 01/09/19
Construction Status Financing,Inspections
HOA Y/N No
Year Built 1983
Annual Tax Amount $19,278
Lot Size 3.010 Acres
Acres 3.01
Lot Dimensions 0X0
Property Description
9.6% CAP Rate
Sunshine Grove Industrial Park- 44 unit Industrial Park - Brooksville FL. 100% occupancy.
Sale includes 13400 & 13411 Chambord St Brooksville FL 34613
NOI Underwritten with 7.65% vacancy. $571K gross income, $149k op ex, $422k NOI
Tenants reimburses for common area utilities.
Management is on site.
Located in a high traffic retail corridor. Very high barrier to entry into this product type.
Location
State FL
County Hernando
Community Potterfield Garden Ac
Zoning CI
Interior
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Fireplace false
Exterior
Exterior Feature Other
Utilities Available Cable Connected, Electricity Available, Public, Street Lights
Garage false
Private Pool No
Building
Lot Size Range 5 to less than 10
Sewer Public Sewer
Water Public, Well
Structure Type Metal Frame
New Construction false
Construction Status Financing,Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with RE/MAX REALTEC GROUP INC