• Year Built: 1957
200 Base Avenue East is an industrial property for lease in Venice, FL.
Options, options, options!
This sale is for two sites - Property ID's of 200 AND 212 Base Ave E, both for $675k in total.
200 Base Ave E is a 12,000SF building of average quality with some small office space. Roll up doors to front side and rear and CI zoning make for a variety of uses.
High ceilings (14ft eaves height) also allows for stacked racking.
200 partially occupied generating $667 monthly, tenancies month to month basis. Potential additional rent +/- $1000pm.
212 has 7 rollup door units (6 to front and 1 to rear) of which 6 are occupied generating +/- $4000 monthly, tenancies mainly month to month with longest until January 2016. Potential additional rent +/- $700pm.
Above indicates cap rate of around 4% on existing use basis and around 7% including upside rental potential.
Initial enquiries indicate future potential of RMF-4 entitlement for site, suggesting 22 unit concentration.
Owner occupiers, investors and developers all welcome!
Please describe your commercial real estate requirements. We’ll introduce you to local properties that match your criteria.