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32605652
32605654

2215 Griffin Rd, Leesburg, FL 34748

(L
FL SL3543722
$1,550,000
22 days on market
Updated 14 days ago

STNL INDUSTRIAL W/ 1.06 AC LAND

Details
APN 22-19-24-0002-000-03800, 22-19-2400-020-000-3801, 22-19-2400-020-000-4000
Property Type Industrial
Sub Type Warehouse
Square Footage 8,800
Cap Rate 7.09%
NOI $109,824
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 3
Lease Expiration 01/31/2028
Remaining Term 1.7
Rent Bumps Yes
Lease Options 1
Pro-Forma Cap Rate 7.37%
Pro-Forma NOI $114,217
Price per SqFt $176
Class B
Year Built 1983
Buildings 1
Acreage 2.900
Investment Type Stabilized
Lease Commencement 01/17/2025
Ground Lease No
Ceiling Height 18
Loading Docks 2
Dock High Doors 2
Ownership Fee Simple

STNL Industrial | Leesburg, FL | $109K NOI | 7.09% Cap | $1.55M | 1.06 AC Development

Marketing description

STNL Industrial w/ 1.06 AC Land at 2215 Griffin Rd, Leesburg, FL 34748 presents a compelling opportunity to acquire a 100% occupied, single-tenant net-leased industrial asset in the heart of fast-growing Lake County. The offering includes an 8,800 SF industrial building on 2.9 acres, plus 1.06 acres of vacant light industrial land, creating valuable expansion, storage, or future development potential. The property is leased on a landlord-friendly NNN structure, with ownership responsible only for roof and structure, and features 4% annual rental increases through the current term expiring January 31, 2028, with one extension option. Its flexible layout supports long-term usability and renewal optionality for a wide range of industrial users.

Strategically positioned just minutes from US 441 and US 19 and within 30 minutes of the Orlando MSA, the site offers excellent access for distribution and last-mile delivery throughout Lake County. Surrounded by growing population, strong household incomes, and established retail and employment drivers, this asset combines current income, land upside, and a desirable Central Florida location in one attractive investment.

Investment highlights

  • INCLUDES 1.06 ACRES OF VACANT INDUSTRIAL LAND
  • CURRENT LAND USE: LIGHTINDUSTRIAL
  • LANDLORD FRIENDLY LEASE – ONLY RESPONSIBLE FOR STRUCTUAL AND ROOF
  • LOCATED IN ONE OF THE FAST-GROWING COUNTIES IN CENTRAL FLORIDA
  • 10 MINUTES TO HWY 441, US 19, AND 30 MINUTES FROM ORLANDO MSA
  • FLEXIBLE DESIGN FOR POTENTIAL RENTAL RENEWAL OPTIONALITY
  • EXCELLENT LOCATION FOR LAST-MILE DELIVERY FOR LAKE COUNTY
  • AVERAGE HOUSEHOLD INCOME IS $70K+ AND 5-MILE POPULATION IS 75K

Listing Contacts

(L
FL SL3543722

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$109,824.00
$9,152.00/mo

Valuation Metrics

0
DSCR
7.09%
Cap Rate
7.09%
ROI

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Additional Information

Name
Ryan Nee
License
BK3154667
Title
Broker of Record
Name
(Bruno) Anthony LaBruno
License
SL3543722
Brokerage
Marcus & Millichap
Brokerage Phone
352-406-7575
Title
Investment Sales
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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