3895 L.m. Gaines Blvd Starke, FL 32091
- Warehouses
- 31,544 SF
- 3.60 lot acres
Current Use by Public Records
- Warehouses
Property Details for 3895 L.m. Gaines Blvd
- Year built
- 1993
- Lot size
- 3.60 lot acres
- Property size
- 31,544 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a fee-simple, Class B industrial warehouse located at 3895 L.M. Gaines Blvd, Starke, FL 32091. The property boasts 30,000 square feet of net rentable space within a 31,544-square-foot building situated on a 3.6-acre lot in the Bradford County Enterprise Park, conveniently off US Highway 100. Built in 1993, the warehouse features three loading docks with three dock-high doors and ceiling heights ranging from 22 to 24 feet. Currently 100% occupied under an absolute NNN lease with a single tenant, the lease commenced November 12, 2024, and expires October 31, 2034, with two five-year renewal options. The lease includes a 3% annual rent increase. The property's Net Operating Income (NOI) is $247,200, making it an attractive investment with a strong return. The asking price is $3,600,000. The ample lot size offers potential for future expansion of approximately 18,000 square feet. This property is zoned for light industrial use.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Starke
- County
- Bradford
- State
- Florida
- Longitude
- -82.1072
- Latitude
- 29.9324
