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

Property at Purchase

After Renovation and Transformation

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