40 Storage/workshop Units, Holiday, FL

Industrial for Sale
Catylist Listing ID: 30151157
Property Subtypes: Self Storage, Warehouse/Distribution
Building Size (RSF): 17,810 SF
Gross Land Area: 2 Acres
Sale Price: $975,000
Unit Price: $54.74 PSF
Office SF: 200 SF
Drive In Bays: 28 Bays
Property Use Type: Investment
Building Name: 40 Unit Workshops/Self Storage
Usable Size (USF): 17,810 SF
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: 9.0%
Average Occupancy Rate: 100
Last Updated: 11/15/2017

Overview / Comments

9% cap rate. 100% occupied, 40 total rental workshops/storage units. Total 17,890 SF, 3 CB Bldgs, (28 bays) on 2 acres (277' X 327'). Unit spaces ranging from 250 SF to 2,000 SF with roll up door heights equaling 8' and 15'. Two a/c offices transformed by the tenants. Approx. clear Span height 12' and 18'. Units/Spaces can accommodate various work space/storage space needs. .50 acre Fenced storage area for additional storage space for RV/auto storage income. Buildings and property in good condition. ADDTC 72,500 on US 19 (1 mile). Population of 138,000; 51,200 employees and average income of 41,000, within 5 mile radius.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pasco
Taxing Authority: pasco county
Tax ID/APN: 29-26-16--0670-00000-0050
Zoning: C2
Property Located Between: Grand Blvd and SR 54
Highway Access: US 19, SR 54 and Suncoast Parkway
Airports: Tampa International. Clearwater
Site Description: located on the end of a private dead end road designated as an industrial park . 600 ft from Grand Blvd., a main county road in growing mixed use area in East Pasco.
Area Description: 1 mile from SR 54 and 1 mile from US 19. 2 miles from Tarpon Springs. New subdivisions and construction within 4 miles. Suncoast Parkway 12 miles. Easy access to several county roads.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Typical SF / Floor: 500 SF
Property Condition: Good
Year Built: 1973
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: CB
Parking Ratio: 2 (per 1000 SF)
Parking Type: Surface
Air Conditioning: Window Unit
Lot Frontage: 277
Lot Depth: 327
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,719 79,267 152,459
Median Age: 44.58 43.96 45.88
Households: 7,158 34,285 66,185


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