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SOLD – 805 Seaboard Street

This investment property consists of 10,000 sf office and warehouse.  Well positioned and situated on the main drive connecting US Highway 501 & Joe White Ave., Seaboard Industrial Park has long been the premier Business Park address for the service industry.  The park is immediately accessible to all main and secondary road systems servicing the resort and tourism economy as well as all inland permanent population and bedroom communities.

 

The complex consisted of 5 individual tenants.  As the Seller’s agent, H.B. Springs Co. evaluated each individual lease terms, considered the revenue stream and historical expense records in developing a Net Operating Income statement.  Inspection of the asset yielded certain items of deferred maintenance which were recommended being addressed prior to actively placing the property on the market.

 

Once completed, a marketing package was designed, a target audience was defined and direct marketing measures were implemented.  As contract of sale was executed within 30 days of placing the property on the market, transfer of title then occurred 45 days later.

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