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2214 N Washington Blvd, Sarasota, FL 34237

Commercial property for sale

  • Description
  • Entry level price for investor looking to obtain a performing asset with a AAA rated tenant listed on the NYSE. 11,000+/- SF building completely renovated in November, 2011. Remodel costs were in excess of $100,000. This deal will not last. Fresh 5 year lease with two five year options. Tenant is NYSE listed company Lumber Liquidators (LL). Lumber Liquidators has more than 260 locations in North America and a market value of $644-million. Lease was signed in December of 2011. Gross income is $55,000 annually, rent is flat gross for first term (years 1-5) . Cap rate approx 5.7+/-%. Rent bump is 11+% from years 6-10. DO NOT DISTURB TENANTS. 11,000SF, 2 bathrooms, showroom. Three grade level loading doors. Located on an extremely busy road. New next door neighbors: Family Dollar and Autozone (currently under construction). New owner can be confident property will throw off passive income for years. Building price details: $725,000.
  • Property Details
  • Building Name: Lumber Liquidators
    Property Type: Industrial
    Use Types: Free-Standing
    Status: Available
    Price: $ 66 +/SF
    MSA: North Port-Bradenton-Sarasota
    Buildings: 1
    Tenancy: Single Tenant
    Terms: Cash to Seller
    Added: 06/06/2012
    Last Update: 11/19/2012
  • Contact info
  • 941-487-2101 [Office]
  • Note

  • Details Info about this row that located on 2214 N Washington Blvd, Sarasota, FL 34237 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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