Multi Tenant Industrial w/ Short Leases

Sec/Twp/Rge: 17-35S-18E Neighborhood: 7003; BRADENTON-SOUTH OF RIVER, WEST OF I-75 Subdivision: 1872600; SAUNDERS ROAD INDUSTRIAL PARK; LOT 9;PB 21/142 Short Description: LOT 9 SAUNDERS ROAD INDUSTRIAL PARK PI#18726.0050/5American Property Group of Sarasota Presents 6012 28th St. E. Bradenton. With a centralized location and various sized warehouse space it's hard to come by an industrial site like this. This site has been consistently at 100% occupancy and the rates can be increased to maximize the return. With 50% of the building on short term leases that will all end from Nov 2024 to April 2025 and the remaining 50% of this building ending Dec of 2026 a new owner has the ability to set market rates or a company can take over half then all of this building for owner occupied use. 6012 28th is a 5 unit industrial building that currently has 4 tenants with one tenant leasing two suites. This multi tenant industrial site is conveniently located just off US 301 and 63rd Ave E. just miles from I-75, Lakewood Ranch, Downtown Sarasota, and Downtown Bradenton. Property consists of a 3,000 sf warehouse, 2,000 sf warehouse, 2,500 sf warehouse, and a 7,500 sf warehouse (was two units). Current NOI is $137,493 per year Pro Forma for current market rents would bring this site to an approx. NOI of $207,000 per year. NDA must be completed for all income information *Prior Phase I completed in 2018 *Recent Survey completed in 2018 - Please complete the NDA included in the brochure for the rent roll and P and L information