3650-3735 Naseem LnSanford, FL 32771

Property Details for 3650-3735 Naseem Ln

Lot size

2.33 AC

Property size (Sq ft)

37,800 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

Exceptional investment opportunity: 786 Industrial Park, a 37,800 square foot warehouse portfolio in Sanford, Florida, is available for $6,000,000. This property boasts a 6.7% cap rate (as of June 1, 2024) and a 100% occupancy rate, generating a net operating income of $380,000. The park comprises ten individual condo buildings situated on a 2.33-acre lot, offering flexibility for buyers to either hold the entire portfolio or sell individual units. Each building features 18-foot clear ceiling heights, 14' x 12' grade-level overhead doors, and 3-phase, 400-amp electrical service. Constructed with metal buildings and roofs, the property is zoned GC-2, permitting commercial and light industrial uses. Strategically located directly across from Orlando Sanford International Airport, this prime location provides easy access to major roadways including SR 46, Lake Mary Boulevard, US Highway 17-92, SR 417 (GreeneWay), and I-4. The land value is $159 per square foot. This rare opportunity presents a strong return on investment in a rapidly growing area.

Location Insight

City

Sanford

County

Seminole

State

Florida

Latitude

28.7878

Longitude

-81.2251

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