Listed by Charles A. Von Stein, Inc
Unpriced
2901 Industrial Avenue 2
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 5,920
Units 1
Tenancy Single
Lease Type Modified
Lease Expiration 09/30/2029
Year Built 1987
Zoning IL
Investment Type Stabilized
5,920 SqFt
Marketing description
Single-Tenant Industrial Investment opportunity featuring a fully leased 5,920 square foot building located at 2901 Industrial Avenue 2 in Fort Pierce, Florida. The property is leased to Total Smart Repair 360, LLC through September 2029 with strong in-place income of $94,719.96 annually (~$16.00 PSF) and built-in upside with a contractual renewal option at $20.00 PSF that increases future rent to $118,399.92 annually. The property features a metal roof with steel truss construction, city water and sewer utilities, and is strategically located adjacent to St. Lucie County International Airport and minutes from US-1.
Investment highlights
- Fully leased to Total Smart Repair 360, LLC with income in place through September 2029
- Current annual rent of $94,719.96 (~$16.00 PSF)
- Contractual renewal option at $20.00 PSF
- Future rent increases to $118,399.92 annually
- 5+ year remaining term with extension options, reducing near-term rollover risk
- Adjacent to St. Lucie County International Airport and minutes from US-1
Listing Contacts
Listed by Charles A. Von Stein, Inc
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$94,719.96
$7,893.33/mo
Valuation Metrics
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