BAHAMA BAYS BUSINESS PARK 3309-3313 OLEANDER AVE. FORT PIERCE FL 34982

30,558 SF TOTAL | $194,478 NOI | 8.64 CAP RATE

EXCLUSIVELY MARKETED BY

NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE

INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS,

CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL

WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO

WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY

HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.

BAHAMA BAYS BUSINESS PARK

PRESENTED BY:

Jeremiah Baron | Owner/Broker

Jeremiah Baron & Co.

49 SW Flagler Ave. Suite 301 | Stuart FL, 34994

P: 772-286-5744

E: jbaron@commercialrealestatellc.com

FL License No. BK3020087

TABLE OF CONTENTS

4 PROPERTY SUMMARY

5 PROPERTY DETAILS

6 PROPERTY OVERVIEW

7 INCOME & EXPENSE

8 TRADE AREA MAP

9 FLOOR PLAN

10 SITE PHOTOS

11 ZONING INFORMATION

12 DEMOGRAPHICS

4

PROPERTY SUMMARY

Jeremiah Baron & Co. is pleased to present the Bahama Bays

Business Park; an excellent investment opportunity comprised of

two adjacent industrial properties located in Fort Pierce, FL.

There is a total of six buildings adding up to a total of 30,558 sf

on 2.01 acres of land. Both properties are fully leased with a

tenancy mixture of businesses and storage.

Located in a heavy industrial area of Fort Pierce, just a few

minutes away from US Highway 1 and S 25th Street.

Fort Pierce is famous for being a quaint fishing village, but take a

closer look and you will find a treasure trove of activities. As one

of the most diverse communities on the Treasure Coast, Fort Pierce

has the cultural excitement to rival any “big city” atmosphere.

With weekly and monthly events and premier shows at the Sunrise

Theatre, visitors never run out of things to do or people to meet.

With recent redevelopment projects, historic preservation

initiatives, and a focus on cultural and recreational amenities, Fort

Pierce has become an exceptional place to live, work, learn, and

play.

5

OFFERING

PRICE $2,250,000

NOI $194,478

CAP RATE 8.64

PROPERTY DETAILS

PROPERTY SPECIFICATIONS

GROSS LEASABLE AREA 30,558 sf

BUILDING TYPE Warehouse/Industrial

ACREAGE 2.01 AC (total)

FRONTAGE 175’

TRAFFIC COUNT 9,700 ADT

YEAR BUILT 1962-1972

CONSTRUCTION TYPE CBS

ZONING IL - SLC

LAND USE Industrial

PARCEL ID

2428-502-0011-000-1

2428-502-0012-000-8

6

PROPERTY OVERVIEW ACCESS Oleander Ave.

TRAFFIC COUNTS 9,700 ADT

IMPROVEMENTS

Bldg 1: 4,866 sf

Bldg 2: 2,400 sf

Bldg 3: 3,180 sf

Bldg 4: 6,184 sf

Bldg 5: 7,408 sf

Bldg 6: 6,520 sf

PARKING RATIO Ample

YEAR BUILT 1962-1972

PARCEL

2428-502-0011-000-1

2428-502-0012-000-8

ZONING IL - SLC

P

31

Z

7

INCOME & EXPENSE

Unit # Monthly Rent Unit # Monthly Rent

1N $1,646.00 12 $347.75

2N $275.00 13S $304.00

3 & 4N $856.00 14 $321.00

5N $3,600.00 15 $321.00

6 & 7 N $490.00 16-17 $642.00

9N $330.00 18 $321.00

10 & 8 N $940.00 19A $347.00

1S $1,230.50 19B $347.00

4S $479.25 20-21 $692.00

6S $1,123.50 22-24 $1,280.00

7S $375.50 25 $375.00

8S $320.00 27 $347.00

9 $375.00 $1,000.00

10S $375.00 Total Monthly $19,410.50

11 $350.00 Total Yearly $232,926.00

Expenses Amount

RE Taxes (Building 1) $15,250.00

RE Taxes (Building) $6,598.00

Insurance (Estimate) $10,000.00

Electric $900.00

Well Pump $200.00

Repairs $5,500.00

Total $38,448.00

Total Annual Rents $232,926.00

Net Income $194,478.00

8

TRADE AREA MAP

9

FLOOR PLAN

10

SITE PHOTOS

11

IL INDUSTRIAL, LIGHT.

1. Purpose. The purpose of this district is to provide and protect an

environment suitable for light manufacturing, wholesale, and warehousing

activities that do not impose undesirable noise, vibration, odor, dust, or other

offensive effects on the surrounding are, together with such other uses as

may be necessary to and compatible with light industrial surroundings. The

number in "( )" following each identified use corresponds to the SIC Code

reference described in Section 3.01.02(B). The number 999 applies to a use not

defined under the SIC Code but may be further defined in Section 2.00.00 of

this Code.

2. Permitted Uses:

a. Business services. (73)

b. Communications - including telecommunication towers - subject to the

standards of Section 7.10.23. (48)

c. Construction services:

(1) Building construction - general contractors. (15)

(2) Other construction - general contractors. (16)

(3) Construction - special trade contractors. (17)

d. Engineering, architectural and surveying services. (871)

e. Commercial fishing. (091)

f. Laundry, cleaning and garment services. (721)

g. Local and suburban transit. (41)

h. Manufacturing:

(1) Food and kindred products. (20)

(2) Tobacco products. (21)

(3) Textile mill products. (22)

(4) Apparel and other finished products. (23)

(5) Furniture and fixtures. (25)

(6) Printing, publishing and allied industries. (27)

(7) Drugs. (283)

(8) Leather and leather products. (31)

(9) Glass:

(a) Flat glass. (321)

(b) Glass and glassware - pressed or blown. (322)

(c) Glass products - made of purchased glass. (323)

(10) Fabricated metal prod. - except machinery and transport. equip.:

(a) Metal cans and shipping containers. (341)

(b) Cutlery, handtools and general hardware. (342)

(c) Heating equipment, except electric and warm air, and plumbing fixtures.

(343)

(d) Fabricated structural metal products. (344)

(e) Coating, engraving and allied services. (347)

(f) Miscellaneous fabricated metal products:

(1) Wire products. (3495)

(2) Misc. fabricated wire products. (3496)

(3) Metal foil and leaf. (3497)

(4) Fabricated metal products - NEC. (3499)

(11) Industrial/commercial machinery and computer equipment:

(a) Metalworking machinery and equipment. (354)

(b) Special industry machinery, except metalworking machinery. (355)

(c) General industrial machinery and equipment. (356)

(d) Computers and office equipment. (357)

(12) Electronic and other electrical equipment and components, except

computer equipment:

(a) Household appliances. (363)

(b) Electric lighting and wiring equipment. (364)

(c) Household audio and video equipment. (365)

(d) Communications equipment. (366)

(e) Electronic components and accessories. (367)

(f) Misc. electrical machinery equipment and supplies. (369)

(13) Measuring, analyzing and controlling instruments. (38)

(14) Photographic, medical and optical goods. (38)

(15) Watches and clocks. (38)

(16) Misc. manufacturing industries:

(a) Jewelry, silverware, and platedware. (391)

(b) Musical instruments and parts. (393)

(c) Dolls, toys, games and sporting goods. (394)

(d) Pens, pencils, and other office and artists' materials. (395)

(e) Costume jewelry, costume novelties, and notions. (396)

(f) Brooms and brushes. (3991)

(g) Signs and advertising displays. (3993)

(h) Morticians goods. (3995)

(i) Manufacturing industries, NEC. (3999)

Additional Zoning Information available at Municode.com

ZONING INFORMATION

12

AREA DEMOGRAPHICS

RADIUS 1 MILE 3 MILE 5 MILE

2020 Estimated Population 6,023 36,984 84,600

2025 Projected Population 6,492 40,159 92,691

2010 Census Population 6,175 36,123 77,575

2020 Estimated Households 2,135 13,155 31,4365

2025 Projected Households 2,283 14,169 34,262

2010 Census Households 2,258 13,299 29,361

2020 Estimated White 4,369 25,760 52,918

2020 Estimated Black or African American 1,333 9,414 27,992

2020 Estimated Asian or Pacific Islander 60 468 1,155

2020 Estimated American Indian or Native Alaskan 105 423 618

2020 Estimated Other Races 144 884 1,824

2020 Estimated Average Household Income $49,956 $53,357 $59,386

2020 Estimated Median Household Income $34,588 $38,959 $41,456

Median Age 37.00 37.70 40.20

Average Age 38.00 38.70 40.40