Premier 4 building portfolio directly on 7th Avenue
Industrial
for Sale
| Catylist Listing ID: |
30840046 |
| Property Subtypes: |
Flex Space, Free-Standing, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution, Other
|
| Building Size (RSF): |
16,400 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.19 Acres
|
| Sale Price: |
$4,995,000 |
| Unit Price: |
$304.57 PSF |
| Ceiling: |
16 ft. / 33 ft. Clear |
| Office SF: |
8,000 SF |
| Drive In Bays: |
2 Bays |
| Property Use Type: |
Net Leased Investment (NNN), Investment, Vacant/Owner-User |
| Usable Size (USF): |
13,000 SF |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage, Build-to-Suit, Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/25/2023 |
Overview / Comments
|
Excellent Owner/User Opportunity with Income :: New owner may occupy part of the property and lease the remaining spaces :: Income producing tenant on site at 3605 E. 7th Avenue, a Bakery! Tenant is on a 15-year lease effective 2017. Rent is at $2,500/ month/ NNN with 3% increases :: Newly renovated office and warehouse spaces totaling +13,000 SF :: Move-in ready :: Warehouse spaces boast +16’- 33’ ceiling heights :: Onsite parking: approx. 24 spaces :: OUTSTANDING LOCATION- Strong visibility and 255’ of frontage directly on 7th Avenue :: Located immediately North of Adamo Drive between N. 34th Street and N. 39th Street :: Quick commute to Downtown Tampa, Historic Ybor City, East Tampa and the surrounding Greater Tampa Bay Areas :: Close proximity to the Port of Tampa :: Close proximity to Tampa Airport :: Quick access to Interstate 4, Interstate 275 and Crosstown Expressway :: Situated in a Qualified HubZone :: Fantastic value-add potential :: Tenant occupied, minimum 48-hour notice to show. Call today for additional property details :: Also available for LEASE: 6k SF office (includes 1k SF W/H) :: 2k SF office :: 4K SF warehouse
|
Additional Details
| Nearest MSA: |
Tampa-St. Petersburg-Clearwater |
| County: |
Hillsborough |
| Tax ID/APN: |
1756270000 |
| Zoning: |
IG |
| Property Located Between: |
36th Street and 39th Street |
| Site Description: |
Florida Commercial Group presents 3605- 3615 E. 7th Avenue. This property consists of a 4-building portfolio of 5 available spaces. Ready for occupancy is an oversized warehouse and 2 office buildings, one of which features an adjoined warehouse space. The entire property has been completely renovated from top to bottom and spans 1.19 acres offering 255’ of direct frontage and signage on east 7th Avenue.
A rare investment potential or owner/ user opportunity, this property offers many occupancy options: a new owner may occupy both offices and warehouses, or all of the buildings may be leased out individually or as a collective, or the owner may occupy part of the property and lease out the remaining buildings. The choice is yours. There is plenty of onsite parking and the entire property is fenced. The IG zoning of this property provides excellent flexibility for distribution, manufacturing, mixed use, a workshop and or storage.
Included in the purchase of this unique industrial package is Building A: 3,432 SF and currently tenant occupied by a long-standing Bakery tenant. This tenant signed their NNN lease in 2017 for 15 years with 3% yearly increases.
Building B offers a move-in ready, oversized, 6k SF newly renovated, high- end office with all the bells and whistles. There is plenty of natural lighting throughout and lots of office suites for staff or private workspaces. This building features top quality, full renovations to the kitchen and offices. There is also a gym onsite along with updated restrooms and private showers. Affixed to this office at the rear of building B is a 1K SF warehouse that may be used in conjunction with the 6k SF office.
Located at the back of the property and adjoining building B is a 4K SF warehouse considered building C. This building boasts +33’ ceiling heights and 2 grade level roll up doors. A wide-open layout and is also move-in ready.
Directly across from building C is building D, a fully renovated 2K SF office building that is move-in ready and boasts 3-4 offices, a kitchen/ breakroom and plenty of onsite parking. The current owner can vacate at the close of purchase allowing an investor to select a new tenant at market rate and terms or to allow for an owner/ user to grow their assets and operate their own facility. Florida Commercial Group can stay on as property manager for the new owner. Both office buildings are fully furnished. Call today for a showing and additional details. |
| Area Description: |
Offering for sale 3605-3615 E. 7th Avenue. Located directly on high traffic 7th Avenue at the 36th Street intersection in flourishing East Ybor City. This property not only offers great visibility, it also offers phenomenal frontage and signage as well and benefits from over +10,000 VPD. Also, the subject is ½ mile south of Interstate 4 which serves over 168,000 vehicles daily. Tampa International Airport is a quick 15-minute commute away and Downtown Tampa sits just 3 miles from this property making it central enough to serve your customers’ needs. Ybor City is a high-energy business and retail district that is frequented by local and regional visitors. It is also a great place to invest, relocate or expand your business. Call today for a property brochure! |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
4 |
| Number of Stories: |
2 |
| Property Condition: |
Excellent |
| Year Built: |
1959 |
| Roof Type: |
Other |
| Construction/Siding: |
Block, Metal Siding |
| Parking Type: |
Surface |
| Parking Description: |
onsite, paved |
| Total Parking Spaces: |
24 |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Evaporative Cooler |
| Interior Description: |
Completely renovated, fully upgraded |
| Zoning Description: |
General Industrial |
| Lot Frontage: |
255 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
EAST BAY ADDITION THAT PT OF BLOCK 20 OF REVISED MAP OF EAST BAY ADDITION AND THAT PT OF 37TH STREET (NOW CLOSED) LYING S OF 7TH AVE AND N OF 6TH AVE LESS THE CSX - TRANSPORTATION (F/K/A SEABOARD SYSTEM RAILROAD) R/W ALL BEING MORE PARTICULARLY DESC AS FOLLOWS COMM AT NE COR OF LOT 1 BLOCK 20 RUN THN S 89 DEG 10 MIN 09 SEC W ALG N BDRY OF SD BLOCK 20 AND S R/W LINE OF 7TH AVE DIST OF 28.92 FT FOR POB FROM SD POB CONT S 89 DEG 10 MIN 09 SEC W ALG N BDRY OF SD BLOCK 20 AND S R/W OF 7TH AVE A DIST OF 264.93 FT TO SELY R/W LINE OF CSX (F/K/A SEABOARD SYSTEM R/R) RUN THN S 51 DEG 17 MIN 10 SEC W ALG SD SELY R/W LINE A DIST OF 37.85 FT TO PT ON W BDRY OF SD BLK 20 AND E R/W LINE OF 36TH ST RUN THN S 0 DEG 40 MIN 37 SEC E ALG W BDRY OF SD BLK 20 AND E R/W LINE OF 36TH ST A DIST OF 148.93 FT TO PT ON NORTH R/W LINE OF CSX TRANSPORTATION RUN THN N 89 DEG 03 MIN 50 SEC E ALG SD NORTH R/W LINE A DIST OF 295.01 FT RUN THN N 0 DEG 42 MIN 49 SEC W 171.60 FT TO POB |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,147 |
86,151 |
258,963 |
| Median Age: |
36.75 |
34.24 |
35.32 |
| Households: |
1,778 |
32,374 |
103,004 |
|
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