$599,000. For Sale ± 8,340 SF Industrial Warehouse. Offered At: 882 NE Pop Tilton Place, Jensen Beach, FL 34957
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1 36th Nikolaus M. Schroth Broker Associate/Vice President Offered At: $599,000
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 in-depth 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 Industrial Warehouse Features Great Owner / User property in the heart of Martin County ± 8,340 SF Fenced In Property Six Roll Up Doors Demised areas leased to tenants for additional income. Could be delivered vacant. Area Highlights Quick access to Hutchinson Island, Sailfish Point, Sewall s Point, Stuart and Port St. Lucie Strong demand for industrial space Increasing Market Rents Trades and manufacturing businesses expanding.
4 Property Description Location: 882 NE Pop Tilton Place Jensen Beach, FL Zoning: M- 1 Industrial Pricing: $620,000 ($71.82/ SF) Building Size: ±8,340 SF Comments: Ideal owner/user in the Pop Tilton Industrial park. Located between Jensen Beach and Stuart this building has a great location for the tradesman, manufacturer or warehouse uses who needs to conveniently access the affluent areas of the Treasure Coast. Greenriver Parkway provides great accessibility to Port St. Lucie.
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6 Zoning & Future Land Use Maps Sec Industrial (M-1). 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 Any use permitted in the B-2 Business-Wholesale Business District that meets the standards prescribed in subsections (2)(a) through (j) of this subsection. 2. Light manufacturing plants that meet the following standards
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8 Pro-Forma 882 Pop Tilton - Pro-Forma Revenue Projections Leasable SF Rent/SF Total Revenue 8,100 $8.91 $72,180 Vacancy and Collection Loss Vacancy 5% ($3,609) Collection Loss 2% ($1,444) Effective Gross Income $67,127 Gross Income/SF $10.93 Expenses Real Estate Taxes (ad-valorem) $9,000 Insurance (Property and GL) $5,000 Building Repairs & Maintenance $2,500 Utilies / Trash Tenant Lawn Maintenance Tenant Mnagement 5% $3,356 Misc. 1% $1,981 Total Expenses ($21,837.37) Net Income $45,290 Asking Price $625,000 Cap Rate 7.25%
9 Single Family Demographics Lots Property Information 2017 Demographics Population 1 Mile 6,245 3 Miles 34,244 5 Miles 88,629 Average Household Income 1 Mile $ 46,366 3 Miles $ 46,292 5 Miles $ 51,030 Median Age 1 Mile Miles Miles S Kanner Hwy. Stuart, Florida naisouthcoast.com
10 Regional Overview Martin County, Stuart, Palm City, FL The cities that make up Martin County are Jensen Beach/Rio, Stuart/Sewall s Point, Hutchinson Island, Hobe Sound, Jupiter/ Tequesta, Palm City, Port Salerno and Indiantown. Martin County is a wonderful place to visit and live, with beaches, golf, fishing and boating. The County boasts arts amenities, quaint downtowns with shops, gourmet dining and galleries, museums, historic places, festivals and more. Martin County is for... The golf enthusiast... Martin County is home to over 35 world-class golf courses all within a 15-mile radius. The sun worshiper... The County offers its visitors and residents alike some of the finest beaches on the east coast. The discriminating arts shopper...more than 20 galleries participate in a monthly First Thursday gallery night. Many of these galleries are in the historic downtowns of Stuart, Jensen Beach, Port Salerno and Hobe Sound. The music lover...the historic Lyric Theatre offers a wide-array of fist class talent nearly 300 days a year...this acoustically amazing theatre features concerts for all music lovers, from classical to rock and roll, and theatrical performances by local and national talent. For the die-hard festivals-goer...there are plenty to choose from and during the best Florida weather you can find. The Port Salerno Seafood Festival, Bookmania, ArtsFest, Pineapple Festival or one of the many festivals throughout the year. The Treasure Coast Children s Museum is a great place for the kids located at Indian Riverside Park which has a fabulous water play area, fishing, and a riverfront view. Often, there are also events in the park including concerts, orchid shows, and more. Indian Riverside Park also features the Maritime and Yachting Museum. Hutchinson Island houses the Elliott Museum which focuses on art, history and technology. Named after prolific inventor Sterling Elliott, the museum houses permanent including Model AA Trucks, early transportation, history of Stuart and surrounding regions and baseball memorabilia. For the more scientifically minded and curious kids, the Florida Oceanographic Coastal Center which offers a fun opportunity to learn more about our local ecosystem and even feed a stingray!
11 Offering Summary LISTING AGENT Nikolaus M. Schroth Broker Associate/Vice President Offered At: $599,000 NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.
$620,000. For Sale ± 8,340 SF Industrial Warehouse. Offered At: 882 NE Pop Tilton Place, Jensen Beach, FL 34957
For Sale ± 8,340 SF Industrial Warehouse 36 Nikolaus M. Schroth Broker Associate/Vice President +1 772 286-6292 nikschroth@naisouthcoast.com www.naisouthcoast.com th Offered At: $620,000 Disclaimer Statement
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