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).