Industrial Warehouse with
1356 BENNETT DRIVE Longwood, FL 32750
1356 BENNETT DRIVE, Longwood, FL, 32750
$6,937,000
Pending
For Sale
$6,937,000
Pending
Updated industrial warehouse with dock-high loading, fenced yard, and office/showroom improvements for flexible tenant use.
Property Size46,560 SF
Lot Size2.50 Acres
Days on Market695
Property Features for 1356 BENNETT DRIVE
General Information
- Standard status
- Pending
- Size
- 46,560 SF
- Lot size
- 2.50 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1984
Listing agency
CREEGAN GROUP
Listed by
Chris Creegan
Source
Rockmelinvestments
Added: Aug 27, 2024 Updated: Jul 10 at 4:02PM Checked: Jul 21 at 2:58AM
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 CREEGAN GROUP
Investment Insights
Based on property information with market context.
This updated, super-clean industrial warehouse offers a combination of warehouse space and built-out office amenities. The building includes 11 offices, a 2,000 SF showroom, a 300 SF board meeting room, and a 600 SF under-air storage area. Office interiors feature 10-foot ceilings, and the property provides seven bathrooms, including a full bathroom with shower within the office area. Warehouse lighting upgrades include LED motion detection warehouse lighting and newly installed LED overhead lighting, along with new interior floors in the office and showroom areas, modern ceiling tiles, and updated bathroom fixtures. Exterior improvements include recently paved and striped parking, new gutters, underground piped rainwater run-off, refreshed landscaping, and accessible ramps with stairs leading to the property at both the front and rear. The building was constructed in 1984 and 1987 and underwent major renovations in 2008 and 2018.
The property sits on 2.5 acres and provides excellent frontage on Bennett Drive with ample parking in front and rear of the building. Dock loading includes four dock-high doors, plus an additional two doors served by a loading ramp and roll-up door. The fenced yard behind the building is approximately 0.35 acres and is sized to accommodate a semi-truck turnaround. The warehouse column spacing is 40' x 30', with ceiling height of approximately 18' +/-.
Designed for industrial and logistics tenants, the site offers functional loading, substantial yard space, and dedicated office and meeting space in one property. The current setup is tenant occupied by four tenants, and there is room to increase square footage for future tenants depending on whether an occupant needs part of the space or is purchasing as an investment. The property is zoned industrial.
The property sits on 2.5 acres and provides excellent frontage on Bennett Drive with ample parking in front and rear of the building. Dock loading includes four dock-high doors, plus an additional two doors served by a loading ramp and roll-up door. The fenced yard behind the building is approximately 0.35 acres and is sized to accommodate a semi-truck turnaround. The warehouse column spacing is 40' x 30', with ceiling height of approximately 18' +/-.
Designed for industrial and logistics tenants, the site offers functional loading, substantial yard space, and dedicated office and meeting space in one property. The current setup is tenant occupied by four tenants, and there is room to increase square footage for future tenants depending on whether an occupant needs part of the space or is purchasing as an investment. The property is zoned industrial.
Key Highlights
- 46,560 SF industrial warehouse on 2.5 acres in Longwood industrial area, built in 1984 (major renovations in 2008 and 2018).
- 40' x 30' column spacing with 18' +/- ceiling height; zoned industrial.
- 6 dock‑high/loading options: 4 dock‑high doors plus 2 additional doors with a loading ramp and roll‑up door.
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 | $407.9k | $8.76 |
| − Vacancy | −$36.3k | −$0.78 |
| EGI | $371.6k | $7.98 |
| − OpEx | −$55.7k | −$1.20 |
| NOI | $315.8k | $6.78 |
46,560 SF · lease $8.76/SF/yr · vacancy 8.90% · expense 15.00%
Alternative Uses
Best Use
Office B
$9.94M
$8.70M – $11.59M
NOI $695,606 @ 7.0% cap · market cap 10.03%
Second Best
Warehouse
$4.51M
$3.95M – $5.26M
NOI $315,831 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$13.25M
$11.59M – $15.46M
NOI $927,475 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Anchor Floor & Supply ...
Building Supply
Yorkshore Sales - Commercial ...
Building Supply
Menagerie Drapery Hardware
Interior Design
Caesar Event Rentals ...
Party Supply Store
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FAQs
What type of property is this?
Warehouse - Updated industrial warehouse with dock-high loading, fenced yard, and office/showroom improvements for flexible tenant use.
Where is this warehouse located?
The property is located at 1356 BENNETT DRIVE Longwood, FL.
What is the asking price?
The asking price for this property is $6,937,000.
What are key features of this property?
This property features: 46,560 SF industrial warehouse on 2.5 acres in Longwood industrial area, built in 1984 (major renovations in 2008 and 2018).; 40' x 30' column spacing with 18' +/- ceiling height; zoned industrial.; 6 dock‑high/loading options: 4 dock‑high doors plus 2 additional doors with a loading ramp and roll‑up door.
