The former Department of Education Food Program, Storage/Warehouse Naranjito's Facilities, is a One-Story, structural steel, reinforced concrete and concrete blocks industrial building. These facilities are not in use; 25% of it was affected by hurricane María. They are being sold “As is”. Owners reduced the price to 50% of the appraised value to compensate for this loss.
The subject property is located at State Road No. 152 and State Road 803, Km 12.3, Cedro Arriba Ward, Naranjito, Puerto Rico.
The main building comprises a "Total Gross" and Rentable Area of 51,989 square feet, including a 51,126 square feet 30 feet ceiling height section and 863 square feet low ceiling height section. The high ceiling height section includes the loading dock area (11,000/SF), office area (2,136/SF), cooler area (1,088/SF), freezer area (1,958/SF) and warehouse area (34,944/SF). The low-level section includes the pump room (301/SF), storage #1 (221/SF) and storage #2 (341/SF).
Site include asphalt paving, two concrete water tanks, iron grilles, and chain link fences, retaining walls, septic tank, concrete curbs, and asphalt driveway, parking facilities for 36 cars including for handicapped persons, guard house, electrical substation, emergency power generator, and diesel tank.
Potential and best uses include: Industrial Development and Industrial / Warehouse Use
Subject parcel of 10,036.9667 square meters.
51,989 square feet of Gross and Rentable Area.
Zone X - Out of Flood Areas of Naranjito.
I-1 Industrial District Zoning.
Convenient location for redistribution.
Important Note: Appraised value $1.6m - Sold "As Is" - Offers to be considered