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Warehouse

Fort pierce industrial

1450 Bell Ave, Fort Pierce, FL 34982

Listing Price: $11,900,000

Cap Rate
1.77%
Gross SF
187,000
Price/Gross SF
$63.64
Lot Size
31.44 acres
Year Built
1980
Rentable SF
50,000

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale this infill industrial asset in the heart of Saint Lucie County, Florida. Located at 1450 Bell Avenue in Fort Pierce, this corner property is nested between a residential neighborhood to the west, and a small light industrial pocket to the east. The property consists of three buildings totaling an estimated 187,000 square feet of which 50,000 square feet just received a new roof and is ready to lease. The rest of the buildings will need work, including new roofs. At the moment, the property is generating strong and growing revenues as a truck parking operation, with potential to substantially increase income through leasing recently renovated warehouse space. This property offers an investor or user the opportunity to acquire a large industrial covered land play allowing them to plan and execute their forward strategy for the asset.

Investment Highlights

  • Very Large 32-Acre Industrial Zoned Property Centrally Located in Fort Pierce, Florida
  • Potential to Substantially Raise Income Through Renovating and Leasing Existing Building Structures
  • Possibility to Change Zoning to Allow up to 372 Residential Units with Retail and Office Components (drawings available upon request)

Exclusively Listed By

Listing Price: $11,900,000

Cap Rate
1.77%
Gross SF
187,000
Price/Gross SF
$63.64
Lot Size
31.44 acres
Year Built
1980
Rentable SF
50,000

Investment Highlights

  • Very Large 32-Acre Industrial Zoned Property Centrally Located in Fort Pierce, Florida
  • Potential to Substantially Raise Income Through Renovating and Leasing Existing Building Structures
  • Possibility to Change Zoning to Allow up to 372 Residential Units with Retail and Office Components (drawings available upon request)

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale this infill industrial asset in the heart of Saint Lucie County, Florida. Located at 1450 Bell Avenue in Fort Pierce, this corner property is nested between a residential neighborhood to the west, and a small light industrial pocket to the east. The property consists of three buildings totaling an estimated 187,000 square feet of which 50,000 square feet just received a new roof and is ready to lease. The rest of the buildings will need work, including new roofs. At the moment, the property is generating strong and growing revenues as a truck parking operation, with potential to substantially increase income through leasing recently renovated warehouse space. This property offers an investor or user the opportunity to acquire a large industrial covered land play allowing them to plan and execute their forward strategy for the asset.

Exclusively Listed By

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