Hercules Business Center

Industrial for Sale
Sale Pending/Contingent
Also listed as Office
Catylist Listing ID: 30217014
Property Subtypes: Flex Space, Light Industrial, Warehouse/Distribution
Status: Pending/Contingent
Building Size (RSF): 27,920 SF
Gross Building Area: See Agent
Gross Land Area: 2 Acres
Sale Price: See Agent
Property Use Type: Investment
Building Name: Hercules Business Center
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/31/2018

Overview / Comments

Hercules Business Center (“the Property”) is a two-building office service center totaling 27,920 square feet on 2.04 acres of land. It is located in the Clearwater Airpark Industrial sector of the North Pinellas submarket—a sector that posted an impressive 0.3% vacancy rate in the third quarter of 2017. The Property itself is 95.8% occupied with a healthy lease expiration mix through 2021 (5 years) and provides an in place net operating income (NOI) of $117,800.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 012915164890000032
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Excellent
Construction/Siding: Block
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,392 137,650 248,580
Median Age: 50.11 45.07 46.77
Households: 7,536 62,951 114,466

Contact

Photograph of Listing Agent

John B. Jackson

Cushman & Wakefield FGCAR CIE Member
Photograph of Listing Agent

Melanie Jackson, CCIM, SIOR

Cushman & Wakefield FGCAR CIE Member
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