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Key Details
Sold Price $570,000
Property Type Commercial
Sub Type Warehouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $237
Subdivision Anchor Road Commerce Center A Comm Condo
MLS Listing ID O6246383
Condo Fees $639
Year Built 2006
Annual Tax Amount $2,363
Lot Size 2,613 Sqft
Property Description
JOHN SADRI & COMPANY is proud to present this INVESTMENT OR OWNER-USER OPPORTUNITY, a versatile flex space which houses a state-of-the-art ghost or catering kitchen. It features Captive Aire Exhaust Hood and Grease Fire Suppression System and Extinguisher, gas water heater, enhanced grease trap system and industrial chemical & water resistant flooring (Tnemec). The space includes two entrances, two ADA-compliant restrooms, two office spaces for order processing, and two grade-level roll-up doors with loading bays providing drive-in garages for vehicle or equipment storage with EV charging. 3 Phase 200A power with an additional 60A sub-panel. This space is comprised of two adjoining units; unit 1131 & 1125.
The current CAP RATE is above 7. The tenant is a strong corporate entity and has been there since August 2021 and the lease is set for renewal in December 2026. Tenant is obligated to stay on till the renewal date but also has agreed to VACATE with a 30-day notice. The property is centrally located off of SR 436, in the Anchor Road Commerce Center and is in close proximity to other major transportation routes such as I-4 and US Hwy 17-92. Demographics include population of over 100,000 and median household income of over $60,000 a year within a three-mile radius.
Location
State FL
County Seminole
Community Anchor Road Commerce Center A Comm Condo
Zoning I
Interior
Heating Central, Gas
Cooling Central Air
Flooring Other
Exterior
Parking Features Parking Spaces - 1 to 5, Electric Vehicle Charging Station(s), Ground Level
Utilities Available Natural Gas Available, Public, Water Connected
Roof Type Metal
Building
Lot Description Corner Lot, Industrial Condo
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Concrete,Metal Frame
New Construction false
Others
Monthly Total Fees $639
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with JOHN SADRI & COMPANY