1324 Mattie St and 1745 Lakeside Ave

Located in Saint Augustine, Florida within an office and industrial complex between State Road 207 and US-1 S.Coldwell Banker Commercial Premier Properties is pleased to offer a two-building, 100% leased industrial portfolio in St. Augustine, Florida. The offering consists of 1745 Lakeside Avenue, a 14,018 SF warehouse and office building on 1.53 acres in 312 Business Park, and 1324 Mattie Street, a 13,436 SF warehouse with office and mezzanine on 0.72 acres, together with the adjoining fenced 0.29-acre lot at 1330 Mattie Street. Combined, the portfolio totals 27,454 SF on approximately 2.54 acres and generates $362,689 of in-place net operating income, a 6.25% cap rate at the $5,800,000 asking price. 1745 Lakeside Avenue (built 2004, zoned PUD) is leased to SCP Distributors LLC, a subsidiary of Pool Corporation (NASDAQ: POOL), a publicly traded national distributor of swimming pool supplies, on a five-year NNN lease running through November 30, 2028 with 3% annual increases and one five-year renewal option. 1324 Mattie Street (zoned IW, 30-foot clear height) is leased to Titanium Pro Hydraulics & Tools Inc. on a three-year NNN lease through February 28, 2028 with 3% annual increases and one two-year renewal option, and the 1330 Mattie Street lot is ground-leased to North Florida Towing Corp. through February 2030. Both properties sit in St. Augustine's established Old Moultrie Road / US-1 industrial corridor between US-1 and State Road 207, with quick access to SR 312, downtown St. Augustine and I-95. A national credit anchor tenant, NNN structure, contractual rent growth and functional, well-located buildings make this a clean, income-in-place acquisition with multiple exit options, including a future sale of the assets individually.