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Warehouse

MHD Rockland | STNL Industrial Warehouse

3895 L.M. Gaines Blvd, Starke, FL 32091

Listing Price: $3,150,000

Cap Rate
7.51%
Gross SF
31,544
Price/Gross SF
$99.86
Lot Size
3.51 acres
Year Built
1993
Rentable SF
31,544

Investment Overview

Marcus & Millichap is pleased to present 3895 L.M. Gaines Blvd “The Property” comprised of a 31,554+/- square foot industrial warehouse situated on 3.6 acres. The property is currently occupied by MHD Rockland, a global distributor of specialty aircraft parts with government contracts spanning throughout the world. MHD entered into a new 2-year NNN lease at the subject property commencing 5/1/2025. The lease includes two (2) additional three-year options, extending the potential lease term to eight years with 3% annual escalations throughout the renewal option periods. The subject property represents MHD’s second location in Starke due to growing needs servicing government contracts for “Flight Operations” out of the Keystone Heights Airport in Starke, FL.

Investment Highlights

  • Recently Executed NNN Lease Effective 5/2/2025
  • Attractively priced at $100 PSF
  • 20'-24' Clear Height

Exclusively Listed By

Financing By

Warehouse

MHD Rockland | STNL Industrial Warehouse

Listing Price: $3,150,000

Cap Rate
7.51%
Gross SF
31,544
Price/Gross SF
$99.86
Lot Size
3.51 acres
Year Built
1993
Rentable SF
31,544

Investment Highlights

  • Recently Executed NNN Lease Effective 5/2/2025
  • Attractively priced at $100 PSF
  • 20'-24' Clear Height

Investment Overview

Marcus & Millichap is pleased to present 3895 L.M. Gaines Blvd “The Property” comprised of a 31,554+/- square foot industrial warehouse situated on 3.6 acres. The property is currently occupied by MHD Rockland, a global distributor of specialty aircraft parts with government contracts spanning throughout the world. MHD entered into a new 2-year NNN lease at the subject property commencing 5/1/2025. The lease includes two (2) additional three-year options, extending the potential lease term to eight years with 3% annual escalations throughout the renewal option periods. The subject property represents MHD’s second location in Starke due to growing needs servicing government contracts for “Flight Operations” out of the Keystone Heights Airport in Starke, FL.

Exclusively Listed By

Financing By

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