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1120 N Magnolia AVENUE, Ocala, FL, 34475 | $408,078
Available early summer 2025, this property boasts over 45, 000 total SF of industrial warehouse space among several buildings. The 5. 5 acre, M1 & B5 industrial zoned property is available to a single tenant needing manufacturing space. Within the 5. 5 acres is a 3. 26 acre B5 zoned lay-down yard. Landlord would consider a two tenant situation. Four buildings total 45, 345 of industrial space, office and retail area. Three of the four buildings are sprinkled, the office/retails space is under air. Please see photo diagram with square footage and building details. Roof replacements in 2018. This property is ideal for a manufacturing end-user with long term growth needs. Located in Ocala, Florida and ranked as the 4th fastest growing city in the US, with a populations of 409, 959 and a net gain of 269 new residents each week. Ocala was ranked as the #1 most affordable Metro and has access to 4 of Florida’s 6 major road arteries.
Features
- Property Type: Warehouse
- Construction: Metal Frame
- Utilities: Electricity Available, Phone Available, Public, Underground Utilities, Water Connected
- Garage: 13 to 18 Spaces
- Cooling: A/C - Office Only
- Year Built: 1956
- Acreage: 2.25
- Est. Taxes: $32,974
- Lease Terms: 3 to 5 Years
- MLS#: OM687641
- Days on Market: 7 days
- Website: https://www.raveis.com
/prop/OM687641/1120nmagnoliaavenue_ocala_fl?source=qrflyer
Listing courtesy of BOYD REAL ESTATE LLC Phone: 352-861-2248
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1120 N Magnolia AVENUE, Ocala, FL, 34475
$408,078
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $326,462 | $326,462 | $326,462 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
| Monthly Tax Payment | $2,748 | $2,748 | $2,748 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,255 | $2,170 | $2,753 |
| Total Monthly Payment | $5,078 | $4,993 | $5,576 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388