52,068 SF NNN Leased Industrial Investment

Industrial for Sale
Catylist Listing ID: 30804687
Property Subtypes: Food Processing, Free-Standing, Manufacturing, Light Industrial, Office Showroom, Warehouse/Distribution
Building Size (RSF): 52,068 SF
Gross Land Area: 3.72 Acres
Sale Price: See Agent
Ceiling: 23 ft. Clear
Docks/Doors: 8 Docks, 9 Doors
Office SF: 5,000 SF
Drive In Bays: 1 Bay
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Innovative Foodservice Group
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/29/2022

Overview / Comments

Free standing, NNN leased industrial investment offering located in Tampa, Florida with a long term food service related tenant, Innovative Foodservice Group.

This 52,068 square foot MOL dock high, masonry facility maintains 5,000+- square feet of office, 4,000+- square feet of showroom (which includes a commercial test kitchen), and 43,068+- square feet of 23' clear warehouse. The covered, dock high loading platform supports 9 tractor trailers with 7 levelers and 1 ramp. The facility is sprinklered and maintains heavy 3-phase power estimated to be in excess of 2,000-4,000 amps.

The 3.72 acre MOL, IH - Industrial Heavy (City of Tampa) zoned site provides 61+- car parking spaces along with additional trailer parking. The property is located in the north Tampa/Temple Terrace area near USF with access to both I-75 and I-275.

The property maintains newer paving in the parking and loading areas and the tenant recently updated the warehouse floors, painted the interior warehouse, added fans, replaced the warehouse lights with new LED lighting, and instituted various showroom improvements. This is an excellent 1031 replacement property with significant upside.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Tax ID/APN: 192816430000000000010A
Zoning: IH - INDUSTRIAL HEAVY (CITY OF TAMPA)
Property Located Between: I-275 and I-75
Highway Access: The property is located in the north Tampa/Temple Terrace area near USF with access to both I-75 and I-275.
Site Description: The 3.72 acre MOL, IH - Industrial Heavy (City of Tampa) zoned site provides 61+- car parking spaces along with additional trailer parking. The
Area Description: The property is located in the north Tampa/Temple Terrace area near USF with access to both I-75 and I-275.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1968
Year Renovated: 2020
Construction/Siding: Block
Parking Ratio: 1.2 (per 1000 SF)
Parking Type: Surface
Parking Description: 61+- car parking spaces along with additional trailer parking
Total Parking Spaces: 61
Column Spacing: 40' x 31'
Sprinklers: Wet
Amps: 2,000
X-Phase: 3-Phase
Lighting: LED
Interior Description: 5,000+- square feet of office, 4,000+- square feet of showroom (which includes a commercial test kitchen), and 43,068+- square feet of 23' clear warehouse
Zoning Description: IH - Industrial Heavy (City of Tampa)
Lot Frontage: 326.6
Lot Depth: 476.37

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,107 146,356 268,236
Median Age: 29.75 31.52 34.26
Households: 5,872 58,626 106,798

Contact

Photograph of Listing Agent

Deron Thomas, CCIM, SIOR

Industrial Realty Solutions CE-FL Member
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