Office/Warehouse Investment FOR SALE 1838 Gunn Highway ...
1838 GUNN HIGHWAY
Office/Warehouse Investment FOR SALE 1838 Gunn Highway, Odessa, Florida 33556
Exclusively Represented By:
D. DEWEY MITCHELL, CCIM Renee’ D. Dyer, CCIM, ALC Raj M. Ravi Prudential Commercial Real Estate FL 20537 Amberfield Drive Land O’ Lakes, FL 34638 (813) 712-3838 Office (813) 949-6505 Facsimile [email protected] [email protected] [email protected] PRUDENTIAL COMMERCIAL REAL ESTATE FL
1838 GUNN HIGHWAY
TABLE OF CONTENTS I.
Executive Summary
II.
Property Details
III.
Maps and Photos
IV.
Legal Description
V.
Demographics
Confidentiality Agreement & Disclaimer This will serve as notice regarding the use of certain material, data and information contained herein (“Evaluation Material”) which we have made available to you in connection with a possible purchase of the property by you or your client. As a prerequisite to your accepting and utilizing the Evaluation Material, you hereby represent and agree as follows: The Evaluation Material furnished by us will be used solely for evaluating a possible transaction exclusively for your properly registered client’s own account, as principal in the transaction. In no event will you or any other person or entity be recognized as a cooperating broker unless you/they have been properly registered and accepted by us on our registration and confidentiality form. Therefore, you agree to keep all Evaluation Material strictly confidential; provided however, that any of such Evaluation Material may be disclosed to your properly registered client’s directors, officers or employees as well as your properly registered client’s counsel, accounting firms and financial institution who need to know such information of the purpose of assisting you with your possible purchase of the Property. Such directors, officers employees, lawyers, financial institutions and accountants shall be informed by you of the confidential nature of such information and shall be directed by you to treat such information with strict confidence. Although we have endeavored to include in the Evaluation Material, information which we believe to be accurate and relevant for the purpose of helping you in your evaluation of the Property for possible purchase, you understand and acknowledge that neither the Owner of the Property nor Prudential Commercial Real Estate FL (“Agent”) make any representation or warranty as to the accuracy or completeness of the Evaluation Material except as set forth in a definitive agreement. You agree that neither the Owner nor the Agent shall have any liability to you as a result of your use of the Evaluation Material except as set forth in a definitive agreement and it is understood that you are expected to perform such due diligence investigations and inspections of the Property as you deem necessary or desirable and as permitted by agreement with the Owner of the Property. Neither Agent nor the Owner is responsible for any compensation to be paid to your broker or agent whatsoever unless agreed to in writing by Prudential Commercial Real Estate FL on our form. Additionally, you agree and acknowledge that we are not responsible for misstatement of facts, errors or omissions, prior sale or withdrawal of the property from the market without notice. By keeping the Evaluation Material for any purpose, you thereby agree to these provisions and we will proceed accordingly. In the event that you are not able to agree to these terms, please return the Evaluation Material to us immediately.
PRUDENTIAL COMMERCIAL REAL ESTATE FL
1838 GUNN HIGHWAY
I. EXECUTIVE SUMMARY Located along the east side of Gunn Highway, this property is located within the Suncoast Industrial Park. The building consists of approximately 28,000± sq. ft. of which 16,000± sq. ft. is air conditioned Class A office space (8,000± sq. ft. on the 1st floor and 8,000± sq. ft. on the 2nd floor). The interior build out is upscale. The warehouse area consists of approximately 12,000± sq. ft. There are 2 truck wells allowing dock high loading and 2 grade level doors. The building height is 34’ feet high. Pro Tech Monitoring is currently leasing this building. They have a 10 year term with 2 five year options to renew.
PRUDENTIAL COMMERCIAL REAL ESTATE FL
“Strong Investment”
1838 GUNN HIGHWAY
II.
PROPERTY DETAILS
Address:
1838 Gunn Highway Odessa, FL 33556
Location:
The subject property is located on the east side of Gunn Highway, just south of the Gunn Highway/SR 54 intersection and near the Suncoast Parkway in West Pasco County, Florida.
Building:
The building consists of approximately 28,000± sq. ft. of which 16,000± sq. ft. is air conditioned Class A office space (8,000± sq. ft. on the 1st floor and 8,000± sq. ft. on the 2nd floor). The interior build out is upscale. The warehouse area consists of approximately 12,000± sq. ft.
Year Built:
2005
Lot:
This building is located within the Sunocast Industrial Park consisting of 4 building lots. 3 of the lots have improved buildings, while 1/2 of the remaining vacant lot is currently leased to Pro Tech Monitoring for excess parking. This lot will be parceled out and an Owner’s Association will be formed prior to closing
Access:
Access is via Gunn Highway.
Flood Zone:
This property is located with flood zone X, as designated by the National Flood Insurance Program’s F.I.R.M. The flood zone “X” designation indicates areas outside of the 100year flood area.
Zoning:
I-1, Light Industrial Park District, Pasco County
Land Use:
IL - Industrial Light, Pasco County
Utilities:
There is an 8-inch force main to the property. There is a 12-inch water line to the property. Utility services provided by Pasco County Utilities.
Please check with Pasco County Utilities, to determine if there is capacity. Highest & Best Use:
Office/Warehouse
Parcel ID #:
Parcel ID# 34 26 17 0000 00100 0012
PRUDENTIAL COMMERCIAL REAL ESTATE FL
“Ideally located near the Suncoast Parkway on Gunn Highway”
1838 GUNN HIGHWAY Legal Description:
Lengthy (see Section IV)
“Office or Ownership:
Paladin Properties, LLC
Price:
$2,400,000
Cap Rate:
10
Contact:
D. DEWEY MITCHELL, CCIM, RENEE’ D. DYER, CCIM, ALC RAJ M. RAVI Prudential Commercial Real Estate FL 20537 Amberfield Drive Land O’ Lakes, FL 34638 (813) 712-3838 Office (813) 949-6505 Facsimile [email protected] [email protected] [email protected]
PRUDENTIAL COMMERCIAL REAL ESTATE FL
Warehouse Uses”
1838 GUNN HIGHWAY
TRAINING ROOM
INTERIOR SPACE PRUDENTIAL COMMERCIAL REAL ESTATE FL
1838 GUNN HIGHWAY
OFFICE
CONFERENCE ROOM
1838 GUNN HIGHWAY
2ND FLOOR SPACE
WAREHOUSE
1838 GUNN HIGHWAY
LEGAL DESCRIPTION
Legal Description 34-26-17-0000-00100-0012 Assessed in Section 34, Township 26 South, Range 17 East Pasco County, Florida COM AT NW COR OF NE1/4 OF SECTION 34 TH S89DEG29' 44"E 79.43 FT ALG NORTH BDY OF NE1/4 TO EAST RIGHT-OF-WAY LINE OF GUNN HWY (SR 587) TH CONT ALG SAID NORTH BDY S89DEG 29' 44"E 930.18 FT TH S00DEG 05' 06"E 667.34 FT FOR POB TH CONT S00DEG05' 06"E 643.40 FT TH N89DEG21' 43"W 443.23 FT TH N00DEG05' 06"W 350.00 FT TH N89DEG21' 43"W 357.83 FT TO A POINT ON EAST R/W LINE OF GUNN HWY (STATE RD 587) TH CONT ALG SAID EAST RIGHT-OF- WAY LINE NLY 293.99 FT TH ALG ARC OF CURVE BEARING LEFT RAD 1677.02 FT TH S89DEG21' 43"E 809.13 FT TO POB OR 6321 PG 1684 Please be advised that our legal descriptions are for assessment purposes only, and are not intended for use in legal conveyances. Pasco County Property Appraiser
ABOVE LEGAL DESCRIPTION INCLUDES ENTIRE DEVELOPMENT. PLEASE NOTE THAT FINAL LEGAL DESCRIPTION SHALL BE DETERMINED BY SURVEYOR.
Office/Warehouse Investment FOR SALE 1838 Gunn Highway, Odessa, Florida 33556
Exclusively Represented By:
D. DEWEY MITCHELL, CCIM Renee’ D. Dyer, CCIM, ALC Raj M. Ravi Prudential Commercial Real Estate FL 20537 Amberfield Drive Land O’ Lakes, FL 34638 (813) 712-3838 Office (813) 949-6505 Facsimile [email protected] [email protected] [email protected] PRUDENTIAL COMMERCIAL REAL ESTATE FL
1838 GUNN HIGHWAY
TABLE OF CONTENTS I.
Executive Summary
II.
Property Details
III.
Maps and Photos
IV.
Legal Description
V.
Demographics
Confidentiality Agreement & Disclaimer This will serve as notice regarding the use of certain material, data and information contained herein (“Evaluation Material”) which we have made available to you in connection with a possible purchase of the property by you or your client. As a prerequisite to your accepting and utilizing the Evaluation Material, you hereby represent and agree as follows: The Evaluation Material furnished by us will be used solely for evaluating a possible transaction exclusively for your properly registered client’s own account, as principal in the transaction. In no event will you or any other person or entity be recognized as a cooperating broker unless you/they have been properly registered and accepted by us on our registration and confidentiality form. Therefore, you agree to keep all Evaluation Material strictly confidential; provided however, that any of such Evaluation Material may be disclosed to your properly registered client’s directors, officers or employees as well as your properly registered client’s counsel, accounting firms and financial institution who need to know such information of the purpose of assisting you with your possible purchase of the Property. Such directors, officers employees, lawyers, financial institutions and accountants shall be informed by you of the confidential nature of such information and shall be directed by you to treat such information with strict confidence. Although we have endeavored to include in the Evaluation Material, information which we believe to be accurate and relevant for the purpose of helping you in your evaluation of the Property for possible purchase, you understand and acknowledge that neither the Owner of the Property nor Prudential Commercial Real Estate FL (“Agent”) make any representation or warranty as to the accuracy or completeness of the Evaluation Material except as set forth in a definitive agreement. You agree that neither the Owner nor the Agent shall have any liability to you as a result of your use of the Evaluation Material except as set forth in a definitive agreement and it is understood that you are expected to perform such due diligence investigations and inspections of the Property as you deem necessary or desirable and as permitted by agreement with the Owner of the Property. Neither Agent nor the Owner is responsible for any compensation to be paid to your broker or agent whatsoever unless agreed to in writing by Prudential Commercial Real Estate FL on our form. Additionally, you agree and acknowledge that we are not responsible for misstatement of facts, errors or omissions, prior sale or withdrawal of the property from the market without notice. By keeping the Evaluation Material for any purpose, you thereby agree to these provisions and we will proceed accordingly. In the event that you are not able to agree to these terms, please return the Evaluation Material to us immediately.
PRUDENTIAL COMMERCIAL REAL ESTATE FL
1838 GUNN HIGHWAY
I. EXECUTIVE SUMMARY Located along the east side of Gunn Highway, this property is located within the Suncoast Industrial Park. The building consists of approximately 28,000± sq. ft. of which 16,000± sq. ft. is air conditioned Class A office space (8,000± sq. ft. on the 1st floor and 8,000± sq. ft. on the 2nd floor). The interior build out is upscale. The warehouse area consists of approximately 12,000± sq. ft. There are 2 truck wells allowing dock high loading and 2 grade level doors. The building height is 34’ feet high. Pro Tech Monitoring is currently leasing this building. They have a 10 year term with 2 five year options to renew.
PRUDENTIAL COMMERCIAL REAL ESTATE FL
“Strong Investment”
1838 GUNN HIGHWAY
II.
PROPERTY DETAILS
Address:
1838 Gunn Highway Odessa, FL 33556
Location:
The subject property is located on the east side of Gunn Highway, just south of the Gunn Highway/SR 54 intersection and near the Suncoast Parkway in West Pasco County, Florida.
Building:
The building consists of approximately 28,000± sq. ft. of which 16,000± sq. ft. is air conditioned Class A office space (8,000± sq. ft. on the 1st floor and 8,000± sq. ft. on the 2nd floor). The interior build out is upscale. The warehouse area consists of approximately 12,000± sq. ft.
Year Built:
2005
Lot:
This building is located within the Sunocast Industrial Park consisting of 4 building lots. 3 of the lots have improved buildings, while 1/2 of the remaining vacant lot is currently leased to Pro Tech Monitoring for excess parking. This lot will be parceled out and an Owner’s Association will be formed prior to closing
Access:
Access is via Gunn Highway.
Flood Zone:
This property is located with flood zone X, as designated by the National Flood Insurance Program’s F.I.R.M. The flood zone “X” designation indicates areas outside of the 100year flood area.
Zoning:
I-1, Light Industrial Park District, Pasco County
Land Use:
IL - Industrial Light, Pasco County
Utilities:
There is an 8-inch force main to the property. There is a 12-inch water line to the property. Utility services provided by Pasco County Utilities.
Please check with Pasco County Utilities, to determine if there is capacity. Highest & Best Use:
Office/Warehouse
Parcel ID #:
Parcel ID# 34 26 17 0000 00100 0012
PRUDENTIAL COMMERCIAL REAL ESTATE FL
“Ideally located near the Suncoast Parkway on Gunn Highway”
1838 GUNN HIGHWAY Legal Description:
Lengthy (see Section IV)
“Office or Ownership:
Paladin Properties, LLC
Price:
$2,400,000
Cap Rate:
10
Contact:
D. DEWEY MITCHELL, CCIM, RENEE’ D. DYER, CCIM, ALC RAJ M. RAVI Prudential Commercial Real Estate FL 20537 Amberfield Drive Land O’ Lakes, FL 34638 (813) 712-3838 Office (813) 949-6505 Facsimile [email protected] [email protected] [email protected]
PRUDENTIAL COMMERCIAL REAL ESTATE FL
Warehouse Uses”
1838 GUNN HIGHWAY
TRAINING ROOM
INTERIOR SPACE PRUDENTIAL COMMERCIAL REAL ESTATE FL
1838 GUNN HIGHWAY
OFFICE
CONFERENCE ROOM
1838 GUNN HIGHWAY
2ND FLOOR SPACE
WAREHOUSE
1838 GUNN HIGHWAY
LEGAL DESCRIPTION
Legal Description 34-26-17-0000-00100-0012 Assessed in Section 34, Township 26 South, Range 17 East Pasco County, Florida COM AT NW COR OF NE1/4 OF SECTION 34 TH S89DEG29' 44"E 79.43 FT ALG NORTH BDY OF NE1/4 TO EAST RIGHT-OF-WAY LINE OF GUNN HWY (SR 587) TH CONT ALG SAID NORTH BDY S89DEG 29' 44"E 930.18 FT TH S00DEG 05' 06"E 667.34 FT FOR POB TH CONT S00DEG05' 06"E 643.40 FT TH N89DEG21' 43"W 443.23 FT TH N00DEG05' 06"W 350.00 FT TH N89DEG21' 43"W 357.83 FT TO A POINT ON EAST R/W LINE OF GUNN HWY (STATE RD 587) TH CONT ALG SAID EAST RIGHT-OF- WAY LINE NLY 293.99 FT TH ALG ARC OF CURVE BEARING LEFT RAD 1677.02 FT TH S89DEG21' 43"E 809.13 FT TO POB OR 6321 PG 1684 Please be advised that our legal descriptions are for assessment purposes only, and are not intended for use in legal conveyances. Pasco County Property Appraiser
ABOVE LEGAL DESCRIPTION INCLUDES ENTIRE DEVELOPMENT. PLEASE NOTE THAT FINAL LEGAL DESCRIPTION SHALL BE DETERMINED BY SURVEYOR.
