Two-Tenant Industrial
1103 Thomas Ave Leesburg, FL 34748
1103 Thomas Ave, Leesburg, FL, 34748
$5,114,000
For Sale
$5,114,000
Industrial warehouse leased to Hajoaca Corp under a fresh five-year term in a two-tenant setup.
Property Size41,100 SF
Price / SF$124.43
Days on Market111
Property Features for 1103 Thomas Ave
General Information
- Standard status
- Active
- Size
- 41,100 SF
- Property subtype
- Warehouse
Building Details
- Year Built
- 1965
Listing agency
Marcus & Millichap - Orlando
(407) 557-3847
Listed by
Ray Turchi · License #License(s): FL: BK3015549
(407) 557-3847
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 22 at 12:26PM Checked: Jul 22 at 12:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Orlando
Investment Insights
Based on property information with market context.
This two-tenant industrial warehouse features a fresh five-year lease in place with Hajoaca Corp, creating an income-generating configuration for an institutional-style buyer or investor. The property is offered for sale at 1103 Thomas Ave, Leesburg, FL 34748.
With approximately 41,100 square feet, the building is structured to serve multiple tenants while maintaining current leasing stability tied to the Hajoaca Corp lease term.
With approximately 41,100 square feet, the building is structured to serve multiple tenants while maintaining current leasing stability tied to the Hajoaca Corp lease term.
Key Highlights
- Two‑tenant industrial warehouse built in 1965
- Fresh 5‑year lease to Hajoaca Corp
- Hajoaca Corp lease rate listed at 7.00%
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $360.0k | $8.76 |
| − Vacancy | −$32.0k | −$0.78 |
| EGI | $328.0k | $7.98 |
| − OpEx | −$49.2k | −$1.20 |
| NOI | $278.8k | $6.78 |
41,100 SF · lease $8.76/SF/yr · vacancy 8.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.98M
$3.48M – $4.65M
NOI $278,794 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.70M
$10.23M – $13.65M
NOI $818,712 @ 7.0% cap · market cap 16.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Vistapak Industries Inc
Food Processing Plant
Similar For Sale Nearby
Similar Off Market Nearby
- Nicholson Self Storage — 1210 thomas ave, leesburg, fl 34748
- DM Storages, LLC — 2404 Virginia Dr, Leesburg, FL 34748
- Thomas Avenue Self Storage. — 1210 Thomas Ave, Leesburg, FL 34748
- Frito-Lay Leesburg — 1666-1720 Leesburg Commons Ct, Leesburg, FL 34748
- StoragePUP of Leesburg — 2008 Griffin Rd, Leesburg, FL 34748
FAQs
What type of property is this?
Warehouse - Industrial warehouse leased to Hajoaca Corp under a fresh five-year term in a two-tenant setup.
Where is this warehouse located?
The property is located at 1103 Thomas Ave Leesburg, FL.
What is the asking price?
The asking price for this property is $5,114,000.
What are key features of this property?
This property features: Two‑tenant industrial warehouse built in 1965; Fresh 5‑year lease to Hajoaca Corp; Hajoaca Corp lease rate listed at 7.00%
