Rutillio Court Industrial Portfolio Investment

Industrial for Sale
Catylist Listing ID: 30631027
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Mixed Use, Light Industrial, Net Leased, Office Showroom, Warehouse/Distribution, Other
Building Size (RSF): 55,160 SF
Gross Land Area: 6.91 Acres
Sale Price: $3,399,000
Unit Price: $61.62 PSF
Property Use Type: Investment
Usable Size (USF): 55,160 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 9/8/2020

Overview / Comments

The subject property is located at the south end of Rutillio Court in New Port Richey, Pasco County, Florida. This area is an industrial node known commonly as Oreto Industrial Park, located on the west side of Pasco County. The site is located just over 0.5 miles east of US Highway 19, a major north/south artery connecting Florida’s counties along the Gulf Coast. The site is located just south of Ridge Road, a six lane major travel route running east/west through west Pasco County. The Ridge Road expansion project recently approved and underway, will create a much needed extended travel route from West Pasco through to Central Pasco County.

This industrial investment opportunity consists of four office/warehouse buildings of various sizes totaling 55,160± square feet. All four of the buildings are situated on 6.91± acres located in the City of New Port Richey, Florida. All buildings were constructed between 2000 and 2003. The improvements to the exteriors consist of concrete block up to 8 feet high, with a remaining exterior of steel frame with steel joist roof system. The site is generally level and at road grade. All buildings have an eave height of 20± feet. There are six points of access from Rutillio Court to the respective buildings. All buildings have 3 phase power.

Rutillio Court Industrial Investment Opportunity
4 office/warehouse buildings totaling 55,160 RBA
6.91 acre parcel in industrial node
Centralized location in West Pasco
Located just south of Ridge Road, a major travel route

Attachments & Media

Current Tenants

Tenant Business Name Technical Support Systems Inc.
Is Renting? Yes
Suite Number 7753
SF of Space Occupied 6,000 SF
Tenant Business Name The Terminix International
Is Renting? Yes
Suite Number 7734-A
SF of Space Occupied 4,000 SF
Tenant Business Name Steve Smith
Suite Number 7754-B
SF of Space Occupied 4,000 SF
Tenant Business Name Baker Distributing Company
Suite Number 7716
SF of Space Occupied 21,000 SF
Tenant Business Name Brothers Powder Coating, Inc.
Is Renting? Yes
Suite Number 7721-A
SF of Space Occupied 15,000 SF
Tenant Business Name Aire Associates HVAC
Is Renting? Yes
Suite Number 7721-B
SF of Space Occupied 5,000 SF

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pasco
Taxing Authority: Pasco County
Tax ID/APN: 33-25-16-0070-00800-0040; 33-25-16-015A-00000-0231
Zoning: LI
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Number of Stories: 1
Property Condition: Average
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,964 72,872 155,440
Median Age: 42.73 45.4 46.1
Households: 3,577 32,624 68,526
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Exchange Florida nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.