For Sale
$6,937,000

1356 Bennett DrLongwood, FL 32750

46,560 SF Net Lease Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 46,560-square-foot industrial warehouse, situated on a 2.38-acre lot in Longwood, Florida, presents a compelling investment opportunity. The property, built in 1987 with significant renovations in 2008 and 2018, boasts a prime location with excellent frontage on Bennett Drive (1356 Bennett Dr, Longwood, FL 32750). The building features six loading docks, including five dock-high doors, and offers a spacious 18-foot-plus ceiling height. The column spacing is 40' x 30'. A fully fenced, 0.35-acre yard provides ample space for semi-truck turnaround. Interior highlights include 11 offices, a 2,000-square-foot showroom, a 300-square-foot boardroom, a 600-square-foot under-air storage area, and seven bathrooms. Recent upgrades include LED lighting, new interior flooring in office and showroom areas, modern ceiling tiles and bathroom fixtures, and a redesigned pantry. Exterior improvements encompass a newly paved and striped parking lot, fresh landscaping, new gutters, and newly installed underground rainwater runoff. ADA-accessible ramps and stairs are located at both the front and rear of the building. The property is currently under a multi-tenant net lease with four tenants, expiring May 31, 2026 (1.5 years remaining), with annual rent bumps of 1.5%. The asking price is $6,937,000 ($148.99/sq ft). The property is zoned IND and enjoys convenient access to major transportation arteries, including UPS, FedEx, SR 17/92, SR 434, SR 436, and I-4. The building sits on a fill dirt platform four feet above ground, with a drainage ditch along the right-side perimeter. This property offers significant potential for future growth and increased rental income.

Highlights

  • 46,560 SF industrial warehouse on a 2.38-acre lot in Longwood, FL.
  • Six loading docks (five dock-high, one drive-in).
  • 18'+ ceiling height, 40' x 30' column spacing.
  • Extensive office space (11 offices, 2,000 SF showroom, 300 SF boardroom), 7 bathrooms, and fenced yard.
  • Recently renovated with LED lighting, new flooring, and updated fixtures.
  • Multi-tenant net lease with 1.5 years remaining, 1.5% annual rent increases. Asking price: $6,937,000 ($148.99/SF).

Property Details for 1356 Bennett Dr

Property type
Warehouses, Industrial properties
Square Feet
46,560 SF
Year Built
1987
Buildings
1
Lot Size (sq. ft)
103,673 SF

Location Insight

City
Longwood
County
Seminole
State
Florida
Latitude
28.684423145627
Longitude
-81.35214695428
1356 Bennett Dr, Longwood, Florida

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1356 Bennett Dr
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