5423 59Th St, Tampa, FL 33610
15,714 SF | 100% Leased | Flex Building | Tampa, FL 33610 | $3,183,000 ($203/SF) | 7% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,183,000
- Property Type
-
Industrial
- Price / Square Foot
- $203
Listing Contacts
Devin Guilliams
Verified Profile
Reid Thedford
Verified Profile
- Property Info
Property Overview
5423 N 59th St is a 17,278 square foot concrete block warehouse located within 10 minutes of downtown Tampa and the Port of Tampa Bay. The property has one tenant with 4.8 years remaining on a NN+ lease with three (3) five (5) year renewal options and ten percent escalations in the options. Service Works Commercial Roofing (tenant) is a company that installs roofs on commercial properties throughout the state of Florida. They have operated in this facility since 2010 and have another location in Ft. Myers.
Property Details
- Class
- C
- Year Built
- 1977
- Stories
- 1
- Property Subtype
- Flex, Manufacturing
- Lot Size (sq. ft)
- 56,628 SF
Highlights
- Concrete block warehouse with grade level doors and one loading dock. Recent office buildout providing professional accommodations for employees.
- Property is well located in North Tampa infill industrial market
- Passive income opportunity with single tenant occupancy, 5 years remaining in base term, Three, 5-Year options with 10% rent increases
- Strong tenant with long history operating throughout the entire state of Florida.
- Property is located just 10 minutes from downtown Tampa & Port of Tampa Bay
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