For Sale
$4,999,990

11155 Tamiami TrlNorth Port, FL 34287

17,900 SF Flex Space, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 17,900-square-foot industrial building situated on a 2.8-acre lot in North Port, Florida. Located at 11155 S. Tamiami Trail within Sarasota County, this property boasts a prime location with excellent visibility and convenient access to major transportation routes. The building, constructed in 1981 and renovated in 2024, features a 26-foot ceiling height and is currently owner-occupied. The property is classified as Class C with a single tenancy under a NNN lease. The asking price is $4,999,990, representing a price per square foot of $279.33 and a pro-forma cap rate of 9.67%, yielding a pro-forma NOI of $483,300. The property is zoned CI, offering versatility for various industrial uses. This value-add investment presents a compelling opportunity for discerning buyers seeking a strong return in a thriving market. The building's size, location, and recent renovations combine to create a highly desirable asset. The motivated seller invites offers. APN: 0772130001.

Highlights

  • Motivated seller offering a rare opportunity.
  • 17,900 SF industrial building in North Port, FL.
  • CI zoning.
  • Excellent visibility on South Tamiami Trail.
  • Owner-occupied.

Property Details for 11155 Tamiami Trl

Property type
Warehouses, Industrial properties
Square Feet
17,900 SF
Class
C
Year Built/Renovated
1981/2024
Buildings
1
Lot Size (sq. ft)
121,968 SF

Location Insight

City
North Port
County
Sarasota
State
Florida
Latitude
27.0490887
Longitude
-82.2838542
11155 Tamiami Trl, North Port, Florida

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11155 Tamiami Trl
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