Industrial Investment: Sale-Leaseback + Vacant Land

Industrial for Sale
Catylist Listing ID: 30019913
Property Subtypes: Warehouse/Distribution
Building Size (RSF): 21,000 SF
Gross Building Area: See Agent
Gross Land Area: 4.88 Acres
Sale Price: $1,995,000
Unit Price: $95 PSF
Property Use Type: Investment
Sale Terms: Sale/Leaseback
Cap Rate: 8.0%
Last Updated: 7/17/2017

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:
http://www.fgcar.org/listing/1OV8zIKLXJg/12501-Belcher-Rd-Largo-FL-33773

Attachments & Media

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 073016709563000601
Zoning: M-1

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,972 131,877 298,256
Median Age: 40.77 45.48 46.32
Households: 6,817 58,330 133,394

Contact

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