Industrial    

Single-tenant Industrial Warehouse

 Zephyrhills, FL

Asking Price

$5,950,000

Cap Rate

8.00%

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Location

Tampa Market

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GLA

52,000 SF

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Lot Size

7.82 AC

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Lease Rate

Below Market

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Income

Tax-Free State

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INVESTMENT HIGHLIGHTS

  • Strong Industrial Market - The Tampa industrial market has experienced significant growth in recent years with persistent low vacancy rates and yearly average rent increases over 10%.
  • Accessible Location - The property is ideally situated along a major thoroughfare in close proximity to US 301, approximately one mile from Zephyrhills Municipal Airport and 40 miles from Port Tampa Bay.
  • Manufacturing Warehouse with Ample Office Space - Building features 38,000 SF of warehouse space plus 14,000 SF of two-story office.
  • Significant Land Area | Almost 8 Acres - The property consists of 7.82 acres, allowing for future expansion and increased potential for long-term appreciation.
  • Income Tax-Free State - Florida is one of nine U.S. states that do not impose a personal income tax.
  • Industrial Outdoor Storage - The 7.82-acre parcel has a building coverage ratio of less than 14% and provides ample space for inventory, materials, and equipment storage.
  • Absolute NNN Sale Leaseback - This investment will produce income from day 1, as the owner will lease it back at $39,667/month NNN.

  • Below Market Rent / SF - The annualized lease rate of $9.15/SF NNN is below market, and yields a pro-forma 8% cap rate at the asking price.
  • Additional Bonus Warehouse Behind Main Building - The property includes an 1,800 SF warehouse with driveway access situated towards the back of the lot, providing additional covered storage space (not included in Building SF).

Exclusively Listed By

Greg Paparis

Senior Associate
  gpaparis@northmarq.com      203.803.8748
CA Lic. #02024518

Anthony Cohen

Vice President
  acohen@northmarq.com      310.456.4853
CA Lic. #02097395

In Association With
Jason Long

Associate Vice President
FL Lic. BK3302956

Northmarq

10960 Wilshire Blvd, Suite 1405
Los AngelesCA 90024


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