$3,500,000 1632 3rd Street Leesburg, FL

MLS: G5017690   Type: Commercial   County: Lake   City: Leesburg   Zip: 34748   Style: Warehouse     Taxes: $23,676

Mortgage $16,432 /mo



Half Baths

Sqr Footage









8.3% CAP Rate - Brand New 2020 NNN 5 year Lease w/ two 5 year options & escalations with National Credit Tenant. Rent Commencement is June 15th, 2020. 3.15 +/- Acres, 61,250+/- sf Total, Metal Bldg, Office / Showroom 1,872+/- sf, Warehouse 59,378+/- sf, 800 Amp, 3 Phase Power, 4, 14’X12’ Grade Level Roll Up Doors, 1, 14’X12’ Dock High Roll Up Door, Eve Height 22’ ft - 30’ Peak Height, Fully Sprinkled, 4 Restrooms, 5” Reinforced Fiberglass Mesh Concrete Slab, Built 1997, M-1 Zoning / City of Leesburg, Site is one Block off US 441 with an Avg Daily Traffic Count of 36,082 trips per day. Close to FL Turnpike, US 27, I-75, Hwy 44 & 301, Excellent Central FL Service Location. Gross Income 1st Year base rent is $22,968.75 per month or $275,625 Annual. 2nd year base rent is $23,542.97 per month or $282,515.64 annual. 3rd year base rent is $24,131.54 per month or $289,578.48 annual. 4th year base rent per month is $24,734.83 or $296,817.96 annual. 5th year base rent is $25,353.20 per month or $304,233.40 annual.

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Price History

3/15/2020 Listed $3,500,000

Business Type Distribution, Heavy Weight Sales Service, Industrial, Manufacturing, Warehouse
MLS Area 34748 - Leesburg
New Construction No
Property SubType Warehouse
Property Type Commercial
Special Listing Conditions None
Status Active
Terms Cash, Conventional
Total Num Buildings 1
Township 19
Year Built 1997
Zoning M-1

Interior Features

Ceiling Height 23 + Feet
Cooling A/C - Office Only
Heating Central, Exhaust Fans
Living Area 61250.00
Numof Conference Meeting Rooms 1
Numof Offices 3
Utilities Phone Available

Exterior Features

Building Area Total 61250.00
Construction Materials Metal Frame, Metal Siding
Front Footage 0
Lot Features Corner Lot, In City Limits, Industrial Park, Street Paved
Lot Size Acres 3.15
Lot Size Square Feet 137214
Numof Bays Dock High 1
Numof Bays Grade Level 4
Parking Features 19 to 30 Spaces
Road Frontage Type City Street
Roof Metal
Sewer Public Sewer
Water Access Y/N No
Water Extras Yn No
Water View Y/N No
Waterfront Feet Total 0
Waterfront Y/N No

Property Schools

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Gallery (20 photos)

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Property vs Zip Code Avg (34748)

Price 3.50M Avg 318K

Sqr Feet 61,250 Avg 15,351

Cost / Sqr Ft $57 Avg $21

Taxes $23,676 Avg $10,232

Acres 3.15 Avg 1.68

Visits 53 Avg 43

Days on Site 276 Avg 364

Walkscore® 12 Avg 40

Data Provided by Walkscore ® not using MLS data

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Location & Address

EXIT Realty Champions
7830 Lake Wilson Road
Davenport, FL