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$3,500,000

1632 3rd Street
Leesburg, FL 34748

For Sale|Commercial|Active
0 Beds
0 Baths
61250 SqFt
Built in 1997
281 Days Online
$57.14/SqFt
Subdivision:
County:
Lake, FL

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1632 3rd Street1632 3rd Street1632 3rd Street1632 3rd Street
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8.3% CAP Rate - Brand New 2020 NNN 5 year Lease w/ two 5 year options & escalations with National Credit Tenant. Rent Commencement is June 15th, 2020. 3.15 +/- Acres, 61,250+/- sf Total, Metal Bldg, Office / Showroom 1,872+/- sf, Warehouse 59,378+/- sf, 800 Amp, 3 Phase Power, 4, 14’X12’ Grade Level Roll Up Doors, 1, 14’X12’ Dock High Roll Up Door, Eve Height 22’ ft - 30’ Peak Height, Fully Sprinkled, 4 Restrooms, 5” Reinforced Fiberglass Mesh Concrete Slab, Built 1997, M-1 Zoning / City of Leesburg, Site is one Block off US 441 with an Avg Daily Traffic Count of 36,082 trips per day. Close to FL Turnpike, US 27, I-75, Hwy 44 & 301, Excellent Central FL Service Location. Gross Income 1st Year base rent is $22,968.75 per month or $275,625 Annual. 2nd year base rent is $23,542.97 per month or $282,515.64 annual. 3rd year base rent is $24,131.54 per month or $289,578.48 annual. 4th year base rent per month is $24,734.83 or $296,817.96 annual. 5th year base rent is $25,353.20 per month or $304,233.40 annual.

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Listing Snapshot
Price
$3,500,000
Days Online
281 Days
Bedrooms
N/A
Inside Area (SqFt)
61,250 sqft
Total Baths
N/A
Partial Baths
N/A
Lot Size
3.15 Acres
Year Built
1997
MLS Number
G5017690
Status
Active
Property Tax
$23,676
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Public Records
Friends & Family
Recent Activity
24 hours agoListing updated with changes from the MLS
a month agoPrice changed to $3,500,000
6 months agoStatus changed to Active
7 months agoStatus changed to Pending
9 months agoListing first seen online
General Features
Listing Terms
CashConventional
Parking
19 to 30 Spaces
Sewer
Public Sewer
Utilities
Phone Available
Interior Features
Cooling
A/C - Office Only
Heating
CentralExhaust Fans
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Exterior Features
Roof
Metal
Waterfront
No
Lot Features
Corner LotIn City LimitsIndustrial ParkStreet Paved
Schools
School District
Unknown
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of GRIZZARD COMMERCIAL REALESTATE



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Neighborhood & Commute
Source: Walkscore
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