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    819 S Kings Highway , D-110

    Fort Pierce, FL 34945
    • $950,000
    • STATUS: Active
    • ON SITE: 110 days
    • MLS #: RX-10637237
    $950,000
    • 0
      BEDS
    • 17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,100
      SQFT
    • $94
      $/SQFT
    Type:
    Commercial
    Built:
    2006
    County:
    Area:

    School Ratings & Info

    Description

    Attention Investors.NNN Investment10,100 Sq ft CBS warehouse with high quality tenant paying $60,236/yr. 6.3% Cap Rate. 6 years remain. Plus option for 2 additional 3 year terms. 2.5% annual rent increases.2 Dock High Overhead doors and 1 Grade Level Overhead door. 18.5 ft ceiling warehouse ceiling height1,200 SF office/Showroom with 2 bathrooms.Well maintained Industrial Condo facility(fully fire sprinklered)with key location less than 1/2 mile to I-95 interchange and 2 miles to Turnpike interchangeThis property has 30 parking spaces of which 25 spaces are reserved for this unit in a perpetual exclusive use parking agreement(see documents tab for lease, sketch of parking, parking assignment document, and floor plan). Click on blue ''more'' link to see additional inThe guarantor is Heritage Carpet & Tile LLC a Delaware corporation. This company has 100 million in revenue and 140 employees. 36 years in business. A wholly owned subsidiary of ADG LLC a $1 billion flooring installation company As it is a subsidiary the guarantee lies with the corporation that occupies the property. It's also important to note that Heritage has occupied the property for 15 years

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    www.ewm.com/homes/107658177
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    819 S Kings Highway , D-110 Fort Pierce, FL 34945

    • Price: $950,000
    • Status: Active
    • MLS #: RX-10637237
    0
    Beds
    0
    Baths
    0
    ½ Baths
    17
    Acres
    10,100
    SQFT
    $94
    $/SQFT
    2006
    Built
    Neighborhood:
    First Source Commerce Park Condominium
    County:
    St. Lucie
    Area:
    Fort Pierce
    Property Description
    Attention Investors.NNN Investment10,100 Sq ft CBS warehouse with high quality tenant paying $60,236/yr. 6.3% Cap Rate. 6 years remain. Plus option for 2 additional 3 year terms. 2.5% annual rent increases.2 Dock High Overhead doors and 1 Grade Level Overhead door. 18.5 ft ceiling warehouse ceiling height1,200 SF office/Showroom with 2 bathrooms.Well maintained Industrial Condo facility(fully fire sprinklered)with key location less than 1/2 mile to I-95 interchange and 2 miles to Turnpike interchangeThis property has 30 parking spaces of which 25 spaces are reserved for this unit in a perpetual exclusive use parking agreement(see documents tab for lease, sketch of parking, parking assignment document, and floor plan). Click on blue ''more'' link to see additional inThe guarantor is Heritage Carpet & Tile LLC a Delaware corporation. This company has 100 million in revenue and 140 employees. 36 years in business. A wholly owned subsidiary of ADG LLC a $1 billion flooring installation company As it is a subsidiary the guarantee lies with the corporation that occupies the property. It's also important to note that Heritage has occupied the property for 15 years
    Exterior Features

    Construction Concrete Loading Docks 3 Miles To Expressway 1 Roof Built-Up

    Interior Features

    Bath Toilets 2.00 Cooling Central Flooring ConcreteTile Heating Central Offices 2 Percent Air Conditioned 11.00

    Property Features

    Available Docs None Available Info By-Laws & DocsCopies Of LeaseDrawings Fire Protection Sprinkler For Lease No For Sale Yes Lease 4-6 YearsAnnualTriple Net List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Meters 1.00 Monetary Info Net Oper Income 60236.00 Possession Subject To Lease Sale Includes Building Only Tax Amount Real Estate Taxes 8539.29 Tax Year 2019 Tenant Pays Common Area Maint.ElectricSewerTaxes Terms Considered Cash Type Of Building IndustrialOffice/Warehouse Use Industrial Utilities Public SewerPublic Water

    Listing provided courtesy of Coldwell Banker Paradise. Listing information © 2020 BeachesMLS
     
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