Multi-Tenant Industrial Investment

Industrial for Sale
Catylist Listing ID: 30327118
Property Subtypes: Industrial-Business Park, Manufacturing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 18,395 SF
Gross Land Area: 48,000 SF
Sale Price: $1,625,000
Unit Price: $88.34 PSF
Property Use Type: Investment
Building Name: 985 Harbor Lake Drive
Sale Terms: Cash to Seller
Cap Rate: 6.2%
Average Occupancy Rate: 100
Last Updated: 2/7/2019

Overview / Comments

Great opportunity to acquire a multi-tenant investment property in north Pinellas County. Located in Safety Harbor, this property has 14 individual units occupied by 7 long term tenants. Upside potential by raising rents to market rate. Excellent industrial building with 20 foot clear height, grade level doors and truck well loading. the building has a new roof.

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Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Taxing Authority: Pinellas County
Tax ID/APN: 33/28/16/36225/000/0250
Zoning: M-1
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Year Built: 1985
Construction/Siding: Metal Siding

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,893 81,329 214,097
Median Age: 44.97 47.74 46.52
Households: 3,933 37,889 97,637


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