Catylist ID:
#30255650
General Warehouse Industrial Park
Industrial
for Sale
| Catylist Listing ID: | 30255650 |
| Property Subtypes: | Flex Space, Free-Standing, Industrial-Business Park, Light Industrial, Net Leased, Office Showroom, Other |
| Building Size (RSF): | 31,360 SF |
| Gross Building Area: | 32,755 SF |
| Gross Land Area: | 4.56 Acres |
| Sale Price: | $3,000,000 |
| Unit Price: | $95.66 PSF |
| Property Use Type: | Net Leased Investment (NNN), Investment, Vacant/Owner-User |
| Usable Size (USF): | 31,360 SF |
| Sale Terms: | Cash to Seller, Other |
| Last Updated: | 1/19/2021 |
Overview / Comments
|
This 32,755 square foot industrial complex is comprised of 5 free-standing buildings ranging in size from 5,040 square feet to 10,000 square feet. The complex is 100% leased and has been for many years with a waiting list of prospective tenants. The current rents are below market rates and can be increased as leases expire for higher profitability. Most of the tenants are long-term and have been at this location for more than 10 years. All of the roofs have been replaced. The complex is ideal for an investor who is looking for investment security and has upside potential of increased rental income. This investment opportunity offers a potential 35,000 – 50,000 square feet of building expansion. The property also has excellent redevelopment potential for a variety of compatible uses. Ideal for last mile tenants as well as many other uses for the area, including retail, flex and industrial users. 32,755 SF Industrial Complex Five Free-Standing 5,040 SF to 10,000 SF Buildings Dominant Position on 49th Street North 100% Leased by Long-term Tenants New Roofs on All Buildings City sewer and water 35,000 – 50,000 SF Expansion Potential |
Attachments & Media
Additional Details
| Nearest MSA: | Tampa-St. Petersburg-Clearwater |
| County: | Pinellas |
| Submarket/Township: | Mid Pinellas |
| Taxing Authority: | Pinellas County |
| Tax ID/APN: | 16-30-16-00000-140-0200 |
| Zoning: | COMMERCIAL |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 5 |
| Number of Stories: | 1 |
| Property Condition: | Good |
| Year Built: | 1974 |
| Roof Type: | Flat |
| Zoning Description: | General Warehouse |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 10,342 | 91,831 | 274,554 |
| Median Age: | 47.33 | 41.74 | 44.68 |
| Households: | 4,649 | 38,323 | 122,896 |
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