4953 Trott CirNorth Port, FL 34287

Property Details for 4953 Trott Cir

Year built

2004

Lot size

1.25 AC

Property size (Sq ft)

8,364 SF

Zone code

ILW

Property type

Industrial properties

Property subtype

Other warehouses

APN

0996-00-3007

APU

996003007

Description

This exceptional investment opportunity presents a fully leased, 16,164 square foot mini-storage warehouse complex in North Port, Florida. The property boasts 39 units occupied by 25 tenants, enjoying a five-year history of 100% occupancy. Strategically located near major roadways including US-41, S. Biscayne, and Pan American Blvd, this well-maintained complex offers significant upside potential. Built in 2004, the property features fireproof steel construction, a galvanized metal roof, and metal siding across four buildings. Recent improvements include new overhead doors, updated weather stripping, and a fully air-conditioned 800 sq ft unit. Security features include a camera system and perimeter fencing. The property also benefits from a recently resealed parking lot (2023) and meticulously maintained landscaping. The current gross lease structure and absence of automotive tenants provide a stable income stream, with a strong 5.59% cap rate and a substantial NOI of $251,764. Priced at $4,500,000 ($278.40/sq ft and $115,384.62/unit), this is an ideal acquisition for investors seeking a low-maintenance, high-return mini-storage portfolio in a rapidly growing market. The property's strong tenant history and recent upgrades ensure a secure and profitable investment.

Location Insight

City

North Port

County

Sarasota

State

Florida

Latitude

27.0531

Longitude

-82.2449

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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