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Two Commercial Buildings On 5.2 Acres For Sale

Okeechobee County, Florida, US
Freehold Price:
$13,000,000
Lease Asking Price:
$13,000,000
Sales Revenue:
$1,200,000
Cash Flow:
$760,000

PRICE REDUCED This is a great opportunity to own 2 commercial buildings on 5.2 Acres of commercial property. The first building is a Gun Range/ Retail Gun Store. Located off a major thorough fare, this building was built to the highest standards. The Gun Range is made of thick concrete block and has a state-of-the-art filtration system, this 30k sq ft building was completed in 2008 and has room to add an additional 8 shooting lanes for a total of 16 lanes. This building would cost over $9mm to construct in today’s market (not including the land). The adjacent building located on the same property is a 36k sq ft open warehouse with several 14ft high doors for easy access and over 20ft high ceilings. This building was completed in 2009 and would cost over $7.2mm to construct without the land. Both properties are currently occupied and new leases can be obtained at the current market value of $1.2mm annually. That’s a 7.5 cap rate! This Florida based company for sale is offered by Transworld Business Advisors, the number one business brokerage in the world. With local presence AND global marketing reach, Transworld Business Advisors provides main-street and lower middle market business owners and buyers with transaction expertise. Inquire for more details and learn how you can buy a business for as little as 10% down on qualified SBA listings or how to use creative financing options to get a deal done! Get added to our buyer list today to receive notifications as businesses with your criteria hit the market! For more information on this business for sale contact listing agent John Devries,Please refer to listing number 7301-717503.

Property Information

Real Estate:

Available as lease or with real property included

Lease Terms:

Lease/Month: Square Footage: 66,000 Building Type: 2 COMMERCIAL BLD
Terms & Options: NEGOTIABLE Expiration Date:

Premises Details:

Lease/Month: Square Footage: 66,000 Building Type: 2 COMMERCIAL BLD
Terms & Options: NEGOTIABLE Expiration Date:

Size in square feet:
66,000

Business Operation

Reasons for selling:

Other Interests

Years established:
16

Other Information

Lease asking price:
$13,000,000