2117-2125 47th St Warehouse

Located in an industrial park off of 47th Street, this property is well positioned for manufacruting, distribution, and storage. Right off of US-301, this location provides easy access to US-301 and is a straight shot to I-75 via either University Pkwy or Fruitville Rd. Additionally, it is located just 5 minutes from Downtown Sarasota and approximately 10 minutes from the SRQ Airport.This sale consists of 2 warehouse condos, both 6,000 SF each, totaling 12,000 SF. They are being sold as a package subject to an existing lease for a single tenant that has a new 3 year term lease in place with two 1 year options thereafter. The tenant is a local garage door company that does installation, repair, and replacement for garage doors and openers and the starting rent is $13/SF NNN. The property is offered at $2.6M which equates to a 6% CAP Rate. The sale is based on a newly executed lease (3 years plus two 1-year Options) with Impact Home Services. The service provider under this lease is a locally owed franchise of Precision Garage Door (www.precisiondoor-swfl.com). Impact Home Services is a regional home-services company (www.impactholdings.us/locations) backed by the private equity firm Eagle Merchant Partners ( www.eaglemerchantpartners.com). Please do not disturb tenant, call broker for showings or with any questions.