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: 4/20/2021

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

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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