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Address not disclosed Port Richey, FL 34668
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Key Details
Sold Price $2,300,000
Property Type Commercial
Sub Type Warehouse
Listing Status Sold
Purchase Type For Sale
Square Footage 23,161 sqft
Price per Sqft $99
Subdivision Galway Sub
MLS Listing ID U8155582
Sold Date 07/15/22
HOA Y/N No
Originating Board Stellar MLS
Year Built 2003
Annual Tax Amount $13,466
Lot Size 0.660 Acres
Acres 0.66
Property Description
GREAT INVESTMENT! Over 23000 sqft of immaculate industrial warehouse space is now available! The property has 4 total income-producing units with long-term tenants; paying below-market rent resulting in a huge value-add. The average rent is about $6 sqft. While the market is ranging from $9.50-to $15.
Additional Parcel for Sale: 1.36 Acer industrial property ready to be built for an additional $350,000, right across the street. The estimated amount of warehouse space available for this lot is about 11,000-13,000 sqft. Conservatively projecting a $77,500 - $92,750 NOI at $8.50 sqft which is significantly below the market for new construction industrial space. *THIS VACANT LAND IS NOT INCLUDED IN LISTING PRICE*
PLEASE CONTACT THE LISTING OFFICE TO EXECUTE THE NDA. UPON EXECUTION OF AN NDA; THE FINANCIAL PACKET WILL BE RELEASED.
DO NOT GO TO PROPERTY! TENANTS ARE NOT AWARE OF THE SALE! PLEASE CALL THE LISTING AGENT OR THE LISTING OFFICE!
Location
State FL
County Pasco
Community Galway Sub
Interior
Cooling Central Air
Building
Entry Level One
Foundation Slab
Lot Size Range 1/2 to less than 1
Structure Type Metal Frame, Metal Siding
New Construction false
Others
Ownership Corporation
Special Listing Condition None
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Bought with BROKERS INTERNATIONAL REAL ESTATE
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Panagiotis Peter Sarantidis
Licensed Real Estate Sales Professional | License ID: 3332095