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Stuart Office and Warehouse For Sale

2951 SE Gran Park Way, Stuart, FL 34997

Gallery Of Property Images

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Property Details

Price: $3,000,000

Building Size: 20,000 SF

Price/SF: $150

Property Type: Industrial

Property Sub-type: Industrial-Business Park Property Use Type: Net Lease Investment with

3 years left on lease

Cap Rate: 7.30%

Occupancy: 100%

No. Stories: 1

Tenancy: Multiple

One of the finest quality air conditioned warehouses in the Gran Parkway commerce park is now for sale. This 20,000 + square foot warehouse is T top constructed with steel and concrete. The warehouse is currently built out with 40% of the building designated for office use. There are two very well qualified tenants, occupying the building. Approximately 16,000 square feet of the building is currently occupied by a NYSE quality tenant. This tenant is midway through a five-year lease. Annual increases for this tenant are 3%. This tenant's lease also contains a five-year option to renew. The second tenant occupies approximately 4,000 square feet of warehouse space and is just finishing the first year of a 10 year lease. Nine years remain on this tenant's lease with no annual increases. All building expenses are paid by the tenants, including repairs and maintenance as both tenant leases are modified NNN type contracts. This building is also designed and legally registered as a condomium association. So a buyer can choose to sell off individual units in the building in the future.

PLEASE DO NOT DISTURB THE TENANTS!!! All showings are by appointment only with 24 hours notice.

Asking Price: $3,000,000

  • 100% Air conditioned Space
  • 40% of space is built out for office
  • New York Stock Exchange Tenant with Quality Credentials Concrete parking lot
  • Long term leases in place

View the full listing here: http://www.crelisting.net/MYu8Jpq5A/?StepID=107

Additional Property Info

2016 Expenses on 2927 SE Gran Park Way, Stuart FL

EXPENSES FOR 2016

  • Property Taxes 2016 $14,502.00
  • Property Insurance $10,690.00
  • Association Fees $ 700.00
  • FPL (Electric) $2,500.00
  • Water & Sewer $3,000.00
  • Trash Removal $7,500.00
  • Lawn Care $3,000.00
  • Tropical Pest (Landscaping) $ 400.00
  • Misc. (Backflow $60.00 yearly) etc. $2,500.00

TOTAL 2016 EXPENSES $44,800.00

***These expenses are variables and may change in the future.

Property Address: 2927 S.E. Gran Parkway Stuart, Florida 34997

Property Description: 20,000 square feet office warehouse flex space,

Tenants: Liberator Medical Supply, Inc.

Safety & Boot Center

Occupancy Rate: 100% leased since completed in 2006

Monthly Gross Rents

$17,565.00

$4,756.00

Annual: $267,852.00

Expenses: $44,800.00

Net Operating Income: $223,052.00

***All information is strictly confidential and is understood it will be held confidential and will only disclose this information to approved third parties that are financially qualified through John Brackett Real Estate and may not be used for any other purpose other than securing a one time purchase sale contract agreement on this named property above. Sunshine Holdings

Property Location/Map

2951 SE Gran Park Way
Stuart, FL 34997