Skip to main content

Warehouse

5028 Airport Road

5028 Airport Rd, Zephyrhills, FL 33542

Listing Price: $2,500,000

Cap Rate
5.44%
Gross SF
25,250
Price/Gross SF
$99.01
Lot Size
4.00 acres
Year Built
1983
Rentable SF
25,250

Investment Overview

5028 Airport Road is a 25,250 gross square foot property located in Zephyrhills, FL adjacent to the Zephyrhills Municipal Airport. The metal warehouse has multiple tenants paying rent and is located on 4 acres of land with additional income generated by truck parking. Unique features include the parcel being owned fee simple but completely enveloped by the Airport Registry (formerly on a ground lease but no longer). The property also has unique electrical infrastructure. Recently, the property has experienced a large amount of CAPEX: 1) exterior paint job 2) new HVAC system for a Gym Tenant 3) Sealing and Coating to the Roof.

Investment Highlights

  • 90%+ Occupied Warehouse
  • Building Newly Painted (Exterior) and Newly Coated/Sealed Roof
  • Ability to Push Rents on Aging Tenants
  • Fee Simple Parcel Enveloped in Airport Registry
  • 4 Acres of Land (Redevelopment Opportunity)

Exclusively Listed By

Warehouse

5028 Airport Road

Listing Price: $2,500,000

Cap Rate
5.44%
Gross SF
25,250
Price/Gross SF
$99.01
Lot Size
4.00 acres
Year Built
1983
Rentable SF
25,250

Investment Highlights

  • 90%+ Occupied Warehouse
  • Building Newly Painted (Exterior) and Newly Coated/Sealed Roof
  • Ability to Push Rents on Aging Tenants
  • Fee Simple Parcel Enveloped in Airport Registry
  • 4 Acres of Land (Redevelopment Opportunity)

Investment Overview

5028 Airport Road is a 25,250 gross square foot property located in Zephyrhills, FL adjacent to the Zephyrhills Municipal Airport. The metal warehouse has multiple tenants paying rent and is located on 4 acres of land with additional income generated by truck parking. Unique features include the parcel being owned fee simple but completely enveloped by the Airport Registry (formerly on a ground lease but no longer). The property also has unique electrical infrastructure. Recently, the property has experienced a large amount of CAPEX: 1) exterior paint job 2) new HVAC system for a Gym Tenant 3) Sealing and Coating to the Roof.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower