1112 Persimmon Ave Sebring, FL 33870-4336

This stabilized, fee-simple industrial property, located at 1112 Persimmon Ave, Sebring, FL 33870, presents a compelling investment opportunity. The 22,440 square foot warehouse, featuring 112 units and 7,700 net rentable square feet, boasts a strong 93% occupancy rate, generating a substantial NOI of $72,720 and an 8.00% cap rate. The asking price is $939,000, translating to $118 per square foot and $8,116.07 per unit. Built in 1986 and extensively renovated in 2022, including new roofs and exterior paint, the property comprises five single-story buildings situated on a 0.52-acre lot (APN: S-32-34-29-090-0010-0160). The property is zoned C1 and benefits from its strategic location near Sebring International Raceway and the airport, enhancing visibility and accessibility. The recent development of a multi-family complex adjacent to the property further strengthens its market position by increasing demand for storage solutions. This well-maintained facility offers secure, well-lit premises with ample parking, promising consistent income and a high return on investment. The property's land value is $4,184 per square foot. The occupancy date is projected for October 21, 2024. The lease type is NNN, and the tenancy is multi.