Sub Type: Industrial
BEAUTIFUL, versatile light industrial/commercial building, top quality throughout. No expense was spared in the construction of this 10,757 SF total on a corner.56 acre lot. 4325 SF street-level, glass-paned showroom area is engineered to be divided into 2 units, each with its own ADA restroom, high voltage electrical and 5T HVAC unit (5 5T units total). Showroom has 8 ft roll up door + overhead glass door to bring in large items (originally designed as Harley dealership). 6432 SF warehouse/shop area including upstairs office w restroom plumbed for shower. Shop has 2 roll up doors, 40 ft ceilings, ADA restroom. 3-phase, 480/1000 svc. 6″ concrete floor for heavy equipment. R38 insulation throughout. 4 evaps in shop area. Building is seismic, built to LA, CA earthquake specs. 400k in EQ proofing, 140k in electrical, more in solid concrete rebar-reinforced construction with 8″ block walls. Lots of parking, attractive landscape, must-review property in this area, near the lake with excellent views.
2nd Generation Wood Manufacturing facility w/ interior equipment assessed @ $1M possibly available. 7.22 Acres (4 parcels) w/75,000 SF warehouse/manufacturing bldgs & approximately 2,500 SF updated office building, to be sold together, leased separately or seller lease back of either of the production buildings w/ or w/out office use. Zoned HI (South), see attached Bay City Zoning Documents for specific use parameters. Abundant Parking on-site.
42,056 sf building fully leased below-market; can be delivered vacant for owner-user. Owner may include operating company and equipment under separate agreement.
Marcus & Millichap is pleased to offer for sale to qualified investors, Canteen Vending’s Orlando distribution center located in Altamonte Springs (Orlando MSA), Florida. Canteen recently relocated to the subject property signing a fresh 10-year, double-net lease in early 2019. The lease offers attractive two percent (2.0%) annual increases throughout the primary term protecting against future inflation.
Canteen Vending was acquired by Compass Group USA, a subsidiary of Compass Group PLC (LSE: CPG) in 1994. Compass Group is the largest food service company in the world with annual revenues exceeding £22.964 billion in 2018. Canteen has led the vending industry for more than 85 years and has 14 locations across Florida and over 200 locations serving 48 states. Their business model focuses on coffee and tea products, water delivery, pantry solutions and healthy vending, serving clients such as hospitals, airports, business centers, attractions, tourism and small office solutions.
The building offers 48,255 square feet of net rentable space and is comprised of 16,475 square feet of office with the remainder being warehouse and cooler space. Housed on a 5.41-acre lot, Compass Group benefits from a low lot coverage ratio which provides ample parking for delivery trucks in addition to having substantial room for growth. Significant property improvements were made to the subject in 2018 including new roll-up doors and loading bays for distribution, new parking lot stripe & seal, newly coated roof with a 10-year transferable warranty, upgrades to the electrical, plumbing and bathrooms, new walk-in cooler and interior warehouse & office improvements. The building is also fully sprinklered with a new wet pipe system installed in 2015.