For Sale
$3,128,085

800 Main StImmokalee, FL 34142

High-yield warehouse, fully leased.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional value-add industrial investment opportunity presents a 21,573-square-foot distribution warehouse located at 800 E Main St, Immokalee, FL 34142. The property sits on a 6.57-acre lot and is currently 100% occupied under a single-tenant, absolute NNN lease with a remaining term of approximately three years, expiring November 3, 2027, with two five-year renewal options. The current lease commenced November 4, 2022. The asking price is $3,128,085, representing a price per square foot of $145 and a compelling 5.62% capitalization rate based on a net operating income (NOI) of $175,908. Situated in Collier County, this property benefits from its strategic location near major transportation arteries, leveraging Immokalee's growth as a significant agricultural center in Southwest Florida. The upcoming lease renewal in 2027 presents a valuable opportunity to adjust rental rates to reflect current market conditions, further enhancing the property's future returns. This asset is ideally suited for investors seeking to capitalize on Immokalee's expanding industrial sector and its vital role within the region's agricultural supply chain. The property type is classified as industrial, with subtypes of distribution and warehouse.

Highlights

  • 21,573-square-foot distribution warehouse on a 6.57-acre lot in Immokalee, FL.
  • 100% occupied under a single-tenant, absolute NNN lease with three years remaining (expiring November 3, 2027) plus two five-year options.
  • Asking price: $3,128,085 ($145/SF), offering a 5.62% cap rate based on a $175,908 NOI.
  • Strategically located near major transportation arteries in Collier County, benefiting from Immokalee's agricultural growth.
  • Upcoming lease renewal provides opportunity to increase rental rates.

Property Details for 800 Main St

Property type
Warehouses, Industrial properties
Square Feet
21,573 SF
Lot Size (sq. ft)
286,189 SF

Location Insight

City
Immokalee
County
Collier
State
Florida
Latitude
26.4171832
Longitude
-81.40685
800 Main St, Immokalee, Florida

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800 Main St
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