Catylist ID: #30019913
Industrial Investment: Sale-Leaseback + Vacant Land
Industrial for Sale
|Catylist Listing ID:||30019913|
|Building Size (RSF):||21,000 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||4.88 Acres|
|Unit Price:||$95 PSF|
|Property Use Type:||Investment|
Overview / Comments
Broker: Ned Willis - NWillis@VectorRealty.com | Agent: Joshua Sims - JSims@VectorRealty.com
Two-parcel package available for sale.
Parcel 1 (Existing Building, Sale-Leaseback):
Sale-leaseback opportunity with a cap rate of 8%+. The seller has owned and occupied the property since 1996 and is willing to enter into a 5+ year Modified Gross lease term with renewal options at a competitive market rate.
The metal building is 21,000 SF including 3,500 SF of office/showroom space, complete with high-end finishes. The property has excellent visibility and is located along Belcher Road, just north of Bryan Dairy Road, with nearby access to US-19 and I-275.
Parcel 2 (Vacant Land):
2.5 acres of industrial-zoned land along Belcher Road, just north of Bryan Dairy Road. The property is centrally located within Pinellas County, with easy access to I-275 and US-19.
Located in the middle of a densely populated industrial market, this site provides a rare opportunity to build custom warehouse space for light manufacturing, distribution, showroom, etc. while still having room for outdoor storage or sales.
*** Parcel 1 will only be sold in conjunction with Parcel 2. However, Parcel 2 may be purchased separately. You may find the listing for the Parcel 2 only at the link below:
Attachments & Media
|Nearest MSA:||Tampa-St. Petersburg-Clearwater|
|Proximity:||1 mile||3 miles||5 miles|
Blakemore E. KearneyVector Commercial Real Estate Services FGCAR Member
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