6303 Da Lisa Rd., Milton, FL 32583

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Rodney S.

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Building Details:

• Year Built: 2006

6303 Da Lisa Rd. is an industrial property for lease in Milton, FL.

This 15,000 square foot building is occupied by Waste Management, Inc., which has been on the Fortune 500 list for 18 years. Waste Management employs 40,600 people and is currently ranked 221st on the Fortune 500 list.
Waste Management loves this location along with proximity to landfill and interstate for service of two county area. They exercised their 10 yr. renewal option early and now have 10.5 years remaining with two five-year renewal options.
The current annual NOI is $114,000 with annual CPI adjustments. This is a NNN Leased Investment Sale. Of the 15,000 square feet, 8,500 SF is warehouse, 4,000 SF is office and 2,500 SF is canopy work area. Three phase power, insulated steel building with sewer. Large lay down and storage area which is completely fenced. Security system in place along with outdoor lighting. There are six grade level doors, of which five are 16' x 16' large truck drive in bays.

• Excellent NNN Leased Investment Opportunity!
• 5.75 CAP. NOI = $114,000
• Waste Management Inc. (Fortune 500 Co.) Single Tenant.
• 10 year history with tenant, just renewed for 10.5 years.
• Annual CPI Adjustments and renewal options.

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