Distribution Warehouses

Transcription

1 4491 SE Cheri Ct. Stuart FL, /3417 SE Gran Park Way, Stuart FL For Sale $6,384,915

2 Disclaimer Statement This information has been prepared only for information purposes to assist a potential buyer in determining whether it wishes to proceed with an indepth investigation of the property and/or business. Seller and any of its officers, employees or agents specifically disclaims any representation or warranty, express or implied, as to the accuracy or completeness of the offering materials or any accompanying information, and no legal commitment, obligation or liability of Seller or its officers, employees or agents shall arise by reason of the materials or accompanying information. Interested parties are expected to review independently all documents relating the property/business and the purchase. The property/business is being sold on as AS IS, WHERE IS and WITH ALL FAULTS basis. Your complete inspection of the property/business is recommended. Buyers will have an opportunity to examine the financial and legal documents, records, files and information relating to the property now in the possession of Seller, its agents or contractors. The purchase of this property will be based solely on a Buyer s own independent investigation and findings and not in reliance on any information provided by Seller, its agent or contractors. Seller, its agents or contractors shall have no liability for any incorrect information. Seller reserves the right at all times to reject, in its sole and absolute discretion, any and all offers received by it, for any reason whatsoever, notwithstanding that a particular offer is for the highest purchase price among those offers received and meets all the terms and conditions of this offering. Seller also reserves the right at all times to waive any or all technical defects in any offers, in Seller s sole and absolute discretion. The sales process may be terminated or modified without notice at any time. In the event two or more offers are determined to fall within a competitive range, Seller reserves the right to request a best and final offer from those parties.

3 Property Details Location: 4491 SE Cheri Ct. Stuart FL, /3417 SE Gran Park Way, Stuart FL Price: $6,384,915 CAP Rate: 8 Building Size: 63,280 SF Total Building Type: Warehouse Acreage: (3417).96 AC Excellent investment opportunity! All three buildings are under a single international NNN tenant. Owner is responsible for roofing structure. Main building features loading docks and two-story office/manufacturing space. Located on SE Gran Park Way and SE Cheri Court, easily accessible from SE Federal Highway. (3353) 1.92 AC (4491) 1.57 AC Frontage: (Gran Park Way) (SE Cheri) Traffic Count: 32,000 average daily traffic (SE Federal Hwy) Year Built: (3417) 2006 (3353) 2003 (4491) 1987 Construction Type: Parking Spaces: Undisclosed Plenty Zoning: (3147) LI / (3353) LI / (4491) M-2 Land Use: Utilities: Industrial Martin County Utilities

4 Building Details 3353 Gran Park Way 4491 SE Cheri Ct SE Gran Park Way 1st Floor 3,360 SF Office 25,300 SF Warehouse 2nd Floor 3,360 SF Office 3,360 SF Rear Mezzanine (includes 600 SF Conference Room) 1,500 SF Office 12,669 SF Warehouse + 1,351 SF of canopy work area 18 marked parking spaces plus informal spaces on the sides. 12,750 SF Warehouse 15 marked parking spaces on side, 4 spaces in front (2 which are handicap parking) 49 parking spaces including 2 handicap spaces. There is 38,200 SF of asphalt paving

5 Lease Information Year 1 Year 2 Year 3 Year 4 Year 5 $8.65/psf $7.50/psf $7.50/psf $8.00/psf $8.00/psf Total Income after 5 Years: Average Per Year: $2,553, $510,793.26

6 Annual Property Operating Data

7 Financial Analysis

8 About Shur-Co, LLC Shur-Co is the largest manufacturer of quality tarp and cover containment systems in the United States. In November 2012, Shur-Co acquired Donovan Enterprises effectively joining two well-know leaders in the truck, trailer and specialty market, resulting in an entity with a combined 93 years of tarping experience. Let our experience work for you! Donovan Enterprises, Inc., was founded in 1977 and specialized in front to rear arm driven and pull style tarp systems for the construction and solid waste hauling industries. Donovan was also a leading exporter of these products and had a facility in Rochester, England (UK). Shur-Co is the inventor of the Original Shur-Lok side-to-side roll tarp. It was founded in 1954 and now manufactures a wide offering of tarp systems and accessories for trucks, trailers, carts, and specialty equipment used in the agriculture, construction and flatbed markets. By combining the product lines, sales teams, technical capabilities and service locations of Shur-Co and Donovan, we are able to provide the most comprehensive product offerings in the market and a customer service platform unequaled in the industry. With multiple products in the Agriculture, Construction, Waste andflatbed industries, Shur-Co has the solution that's right for you. If our current tarping and containment systems don t meet your exact specifications, our Custom Products division can develop the ideal solution for you. Shur-Co continually upgrades its products and develops new solutions to meet the ever-changing needs and requirements for the many industries we serve. Our current line of SMARTrailer accessories can help you manage your business more efficiently and profitably. These include the Electric Roll Tarp, the ProTrap Electric Hopper Door Opener and the Electric Turning Point Bow System to partner with our Solar Power Pack and the second generation SMART2 remote. With a corporate office located in Yankton, South Dakota, 12 branch locations, dozens of original equipment manufacturers (OEMs) and thousands of dealers, we can meet your tarping and containment needs all across the globe. When you need to be sure, make it Shur-Co. Branch locations include: Colorado, Florida, Illinois, Iowa, Michigan, North Dakota, Ohio, Sioux Falls, South Dakota, Texas, Canada, and the United Kingdom.

9 Property Demographics 2016 Demographics Population 1 mile 6,747 3 mile 42,232 5 mile 80,799 Average Household Income 1 mile $67,938 3 mile $71,055 5 mile $75,939 Average Age 1 mile mile mile 48.30

10 Zoning & Future Land Use Map LI - Limited Industrial District The LI district is intended to implement CGMP policies for lands designated Industrial on the Future Land Use Map of the CGMP. This district is designed to minimize the potential for negative impacts on surrounding properties. M2 - Industrial District A. Uses permitted. In this district a building or structure or land shall be used for only the following purposes, subject to any additional limitations pursuant to section 3.402: 1. Any use permitted in the M-1 Industrial District. 2. General manufacturing plants that meet the following standards: a. Manufacturing operations conducted in the open shall be screened from view outside the plant site. All waste materials shall be stored while on the premises in a screened enclosure, which shall be counted as part of the area allowed for occupation by buildings and structures. dangerous to plant or animal life or damaging to property shall be permitted. g. Operations creating glare shall be so shielded that the glare cannot be seen from outside the plant site. h. Where processes involve disposal of industrial sewage wastes, approval of proposed method of disposal by the County health officer and the County Engineer shall be secured before a permit shall be issued. i. Off-street parking for the motor vehicles of employees and visitors shall be provided on the basis of one space for each two employees. Off-street loading docks for the handling of all materials and products shall be provided in areas treated to prevent dust, and screened from view from outside the plant site. Such screening may be 50 percent opaque shrubbery or fencing. j. Buildings and fences shall be painted, unless the materials are naturally or artificially colored. b. No smoke or a density greater than No. 1, according to Ringelmann's scale, shall be emitted, except smoke not in the excess of No. 2, Ringlemann's scale shall be permitted for not more than six minutes of any one hour. c. No particle from any flue or smokestack exceeding 0.2 grains per cubic foot of the flue gas at stack temperature of 500 degrees Fahrenheit shall be permitted. d. No odor nuisance shall be permitted to extend beyond lot lines. Tanneries, abattoirs, glue factories, oil tank farms, soap factories, artificial gas manufacturers, rubber manufacturers, distilleries and similar industries shall present detailed plans for elimination of odors to the zoning director before a permit shall be granted. e. Dust and dirt shall be confined within the buildings of the plant. f. No processes which result in the escape of obnoxious gases or fumes in concentrations

11 Floor Plan

12 Property Aerial