FOR SALE NNN INDUSTRIAL NNN INDUSTRIAL PROPERTY FOR SALE (9.5% CAP RATE) SALE OVERVIEWVIEW SALE PRICE: $2,200,000 CAP RATE: 8.0% NOI: $176,784 PROPERTY DESCRIPTION Current Tenant is K2 Industrial (20+ years at this location) 2.5 Years Remaining on Lease Term. Difficult to relocate this type of facility Easy access from I-10, Hwy 29, Johnson Ave and Detroit Blvd LOT SIZE: BUILDING SIZE: 10.38 Acres 28,600 SF This site is zoned for outside storage and is level Sale includes 5 Buildings CEILING HEIGHT: 18.0 FT YEAR BUILT: 1985 ZONING: HC/LI And MDR Building 1-5,200 SF warehouse & 3,120 SF office space Building 2-8,000 SF warehouse Building 3-4,240 SF warehouse Building 4-4,500 SF warehouse Building 5-2,520 SF warehouse MARKET: CROSS STREETS: Pensacola Detroit Blvd East Of Pine Forest MICHAEL CARRO,, CCIMCIM BRYAN MORELOCKOCK southlandcommercial. cial.com
FOR SALE NNN INDUSTRIAL INVESTMENT PROPERTY OVERVIEWVIEW 9.5% Cap Rate NNN Industrial Property Lease to K2 Industrial Supply. Tenant has occupied property for 20+ years About K2: Strong, well-established domestic footprint 24 facilities located across the U.S. Approximately 400,000 square feet of total office/storage space within K2 companies Corporate headquarters located in Hammond, IN Serving over 500 customers in a variety of markets 1350 employees About the property: Easy access from I-10, Hwy 29, Johnson Ave and Detroit Blvd. This site is zoned for outside storage and is level. Five warehouse buildings. Building 1-5,200 SF warehouse & 3,120 SF office space Building 2-8,000 SF warehouse Building 3-4,240 SF warehouse Building 4-4,500 SF warehouse Building 5-2,520 SF warehouse LOCATION OVERVIEWVIEW Property is zoned HC/LI and MDR. Located approximately 1 mile north of US 29 and I-10 intersection in Cantonment. Leased to K2 Industrial who has been in please for 20+ years. MICHAEL CARRO,, CCIMCIM BRYAN MORELOCKOCK southlandcommercial. cial.com
FOR SALE INDUSTRIAL MICHAEL C CARRO ARRO,, C CCIM CIM BR BRY YAN MOREL MORELOCK OCK southla southlandc ndcommer ommercial. cial.c com
FOR SALE INDUSTRIAL MICHAEL C CARRO ARRO,, C CCIM CIM BR BRY YAN MOREL MORELOCK OCK southla southlandc ndcommer ommercial. cial.c com
FOR SALE INDUSTRIAL SIGNIFICANT LAY DOWN AREA MICHAEL C CARRO ARRO,, C CCIM CIM BR BRY YAN MOREL MORELOCK OCK southla southlandc ndcommer ommercial. cial.c com
FOR SALE INDUSTRIAL MICHAEL C CARRO ARRO,, C CCIM CIM BR BRY YAN MOREL MORELOCK OCK southla southlandc ndcommer ommercial. cial.c com
FOR SALE INDUSTRIAL MICHAEL C CARRO ARRO,, C CCIM CIM BR BRY YAN MOREL MORELOCK OCK southla southlandc ndcommer ommercial. cial.c com
FOR SALE INDUSTRIAL POPULATION 1 MILE 3 MILES 5 MILES TOTAL POPULATION 3,417 35,171 99,684 MEDIAN AGE 46.4 41.4 38.5 MEDIAN AGE (MALE) 43.5 40.5 37.7 MEDIAN AGE (FEMALE) 50.5 43.6 40.0 HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES TOTAL HOUSEHOLDS 1,523 14,588 39,106 # OF PERSONS PER HH 2.2 2.4 2.5 AVERAGE HH INCOME $49,871 $57,624 $57,695 AVERAGE HOUSE VALUE $159,497 $178,336 $169,261 MICHAEL CARRO,, CCIMCIM BRYAN MORELOCKOCK southlandcommercial. cial.com
FOR SALE INDUSTRIAL Michael Carro, CCIM SVN SouthLand Commercial Michael Carro is a CCIM and Commercial Broker Licensed in Florida and Alabama. He is a Principal at SVN SouthLand Commercial Real Estate with offices in Pensacola, Panama City and Tallahassee. Before starting SVN SouthLand Commercial, he was the 2009, 2010, 2011 & 2012 Top Producer for NAI Halford. He received the NAIOP 2010 Broker Deal of the Year Award and the NAIOP New Development of the Year in 2014. He was the Top Producer for SVN SouthLand Commercial in 2014. Memberships & Affiliations Former President of Pathways For Change, a faith based sentencing option for non-violent criminal offenders. Former President of the Northeast Pensacola Sertoma and Sertoman of the Year in 2012 and 2013. 2008 Received the National President s Volunteer Service Award AL #000093777 Restaurant Background Founded The Restaurant Realty Network and TheRestaurantRealty.com Hosts The Restaurant Realty Show weekly on News Radio 1620. In 1999 and 2000 oversaw the acquisition of 120 Hardee s Restaurant locations in Springfield, IL; Biloxi, MS; Pensacola, FL; Huntsville, Montgomery and Mobile, AL Was a member of the International Hardee s Franchise Association (IHFA) and on the purchasing committee 2002-2006 Phone: Fax: 866.286.1459 Cell: Email: Address: 120 East Main Street, Suite D Pensacola, FL 32502 MICHAEL CARRO,, CCIMCIM BRYAN MORELOCKOCK southlandcommercial. cial.com
DISCLAIMER 28,600 SF PENSACOLA, FL The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN. Neither the SVN nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.