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1632 3rd St, Leesburg
8.3% CAP Rate - Brand New 2020 NNN 5 year Lease w/ two 5 year options & escalations with National Credit Tenant. Rent Commencement is June 15th, 2020. 3.15 +/- Acres, 61,250+/- sf Total, Metal Bldg, Office / Showroom 1,872+/- sf, Warehouse 59,378+/- sf, 800 Amp, 3 Phase Power, 4, 14’X12’ Grade Level Roll Up Doors, 1, 14’X12’ Dock High Roll Up Door, Eve Height 22’ ft - 30’ Peak Height, Fully Sprinkled, 4 Restrooms, 5” Reinforced Fiberglass Mesh Concrete Slab, Built 1997, M-1 Zoning / City of Leesburg, Site is one Block off US 441 with an Avg Daily Traffic Count of 36,082 trips per day. Close to FL Turnpike, US 27, I-75, Hwy 44 & 301, Excellent Central FL Service Location. Gross Income 1st Year base rent is $22,968.75 per month or $275,625 Annual. 2nd year base rent is $23,542.97 per month or $282,515.64 annual. 3rd year base rent is $24,131.54 per month or $289,578.48 annual. 4th year base rent per month is $24,734.83 or $296,817.96 annual. 5th year base rent is $25,353.20 per month or $304,233.40 annual.
- MLS® #G5017690
- Square Footage61,250
- Year Built1997
- UtilitiesPhone Available
- Parking19 to 30 Spaces
- GaragesUnder Building Parking
- ViewCorner Lot/Unit, In City Limits, Street Paved, Industrial Park
- ExteriorMetal Frame, Metal Siding
- Lot DescriptionTwo + to Five Acres
- Listing OfficeGrizzard Commercial Realestate
- Address1632 3rd St
- CountyLake County
- Zip Code34748
- HeatingCentral, Exhaust Fans
- CoolingA/C - Office Only
- Days on Market229
Listing information courtesy of Grizzard Commercial Realestate.
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Listing data comes from My Florida Regional MLS DBA Stellar MLS.
Listing information last updated on March 31st, 2020 at 7:59am EDT.