11600 Overseas Highway, Marathon, FL
Industrial for Sale - $2,000,000 - 7,130 Sq. Ft.
Property Info
CIMLS# | 1072391 |
Location 11600 Overseas Highway Marathon FL 33050 | |
Updated | August 10th, 2021 |
Type | Industrial |
Price | $2,000,000 |
Building | 7,130 Sq. Ft. |
Property Description
3.8%-4.6%. End of lease term is 2032 however Tenant willing to sign an additional 5 year option with 10% rent increase providing you a CAP of 4.6%. NNN + Lease with no expenses to the owner whatsoever. No need for property manager here as Tenant has been there 28 years and has recently remodeled the entire building and adding additional renovations by year end 2020. Located just south of Vaca cut bridge Directly off US 1. Well established National Tenant maintains all property taxes, insurance, and property maintenance approx. 35k annually. New roof 2018, new interior walls, paint, electric, lighting, insulation, breaker boxes, updated bathroom, added extra bathroom in 2018. Recent appraisal for Building based on size and square footage of $1,699,999. Appraisal available upon request