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Angle Road Warehouse Complex
600 North 39th Street
Fort Pierce, FL
7,400 Sq. Ft.
Property Facts
| Building Area: | 7,400 Sq. Ft. |
| No. of Units: | 15 Units |
| Unit Range: | 486 - 600 Sq. Ft. |
| Year Built: | 1973 |
| Construction: | Main Bldg.: Metal Other Bldg.: CBS |
| Roof: | Main Bldg.: Metal Other Bldg.: Shingle |
| Utilities: | City Water/Septic |
| Power: | FPL Electric |
| Size of Parcel: | .49 Acres |
| Zoning: | IL : Light Industrial Permitted uses include: Light industrial, automotive, manufacturing, storage |
| Lease Type: | Modified Gross |
Property at Purchase
| Purchase Price: | $250,000.00 |
| Purchase Price PSF: | $33.78 |
| Occupancy at Purchase: | 80% |
| Average Rent PSF At Purchase: | $6.00 PSF |
After Renovation and Transformation
| Cash Out Via Financing: | $300,000.00 |
| Current Replacement Cost Value: | $175 PSF |
| Occupancy After One Year of Ownership: | 100.00% |
| Average Rent PSF After Renovation: | $12.50 PSF |
| Renovation Capital Expenditures: | $15.00 PSF |
