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Single-Tenant Industrial

Service Works Commercial Roofing | Tampa, FL

5423 N 59th St, Tampa, FL 33610

Listing Price: $3,183,000

Cap Rate
7.00%
Gross SF
17,278
Price/Gross SF
$184.22
Lot Size
1.31 acres
Year Built
1977
Rentable SF
15,714

Investment 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 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.

Investment 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

Exclusively Listed By

Financing By

Single-Tenant Industrial

Service Works Commercial Roofing | Tampa, FL

Listing Price: $3,183,000

Cap Rate
7.00%
Gross SF
17,278
Price/Gross SF
$184.22
Lot Size
1.31 acres
Year Built
1977
Rentable SF
15,714

Investment 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

Investment 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 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.

Exclusively Listed By

Financing By

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