3895 L.m. Gaines BlvdStarke, FL 32091

Property Details for 3895 L.m. Gaines Blvd

Year built

1993

Lot size

3.60 AC

Property size (Sq ft)

31,544 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This exceptional investment opportunity presents a fee-simple, Class B industrial warehouse located at 3895 L.M. Gaines Blvd, Starke, FL 32091. The property boasts 30,000 square feet of net rentable space within a 31,544-square-foot building situated on a 3.6-acre lot in the Bradford County Enterprise Park, conveniently off US Highway 100. Built in 1993, the warehouse features three loading docks with three dock-high doors and ceiling heights ranging from 22 to 24 feet. Currently 100% occupied under an absolute NNN lease with a single tenant, the lease commenced November 12, 2024, and expires October 31, 2034, with two five-year renewal options. The lease includes a 3% annual rent increase. The property's Net Operating Income (NOI) is $247,200, making it an attractive investment with a strong return. The asking price is $3,600,000. The ample lot size offers potential for future expansion of approximately 18,000 square feet. This property is zoned for light industrial use.

Location Insight

City

Starke

County

Bradford

State

Florida

Latitude

29.9324

Longitude

-82.1072

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