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Warehouse

St. Pete Industrial

4049-4123 S 8th Ave, St. Petersburg, FL 33711

Listing Price: $4,000,000

Cap Rate
1.80%
Gross SF
27,000
Price/Gross SF
$148.15
Lot Size
1.07 acres
Year Built
1978
Rentable SF
27,000

Investment Overview

Marcus & Millichap is excited to present for sale St. Pete Industrial, situated in Saint Peterburg, FL. This property encompasses eight standard industrial units ranging from 3,000 to 6,000 square feet. Constructed in 1979, the facility spans 27,000 rentable square feet and features an occupancy rate of nearly 45 percent. Nestled on 1.07 acres, St. Pete Industrial caters toward the industrial and professional users of the market, which has a population of 112,000 residents in a 3-mile radius.

Conveniently located at 4049-4123 S 8th Avenue, this facility resides in the rapidly expanding St.
Petersburg market, approximately five miles west of Downtown St. Pete, and only five miles east of St. Pete Beach. This presents a remarkable opportunity for investors to acquire a well-established Industrial asset with the potential for further growth through continued rental rate increases and significant lease up.

Investment Highlights

  • Rare Investment Opportunity: Located in a market that has limited available inventory, limited vacancy and strong demand for commercial storage
  • Below Replacement Cost: Priced to sell, well-below replacement cost
  • Strategic Location: Less than five miles west of Downtown St. Pete, and five miles east of St. Pete Beach
  • Value-Add Opportunity: 45-percent occupied, with the ability to lease up and continue to push rents

Exclusively Listed By

Warehouse

St. Pete Industrial

Listing Price: $4,000,000

Cap Rate
1.80%
Gross SF
27,000
Price/Gross SF
$148.15
Lot Size
1.07 acres
Year Built
1978
Rentable SF
27,000

Investment Highlights

  • Rare Investment Opportunity: Located in a market that has limited available inventory, limited vacancy and strong demand for commercial storage
  • Below Replacement Cost: Priced to sell, well-below replacement cost
  • Strategic Location: Less than five miles west of Downtown St. Pete, and five miles east of St. Pete Beach
  • Value-Add Opportunity: 45-percent occupied, with the ability to lease up and continue to push rents

Investment Overview

Marcus & Millichap is excited to present for sale St. Pete Industrial, situated in Saint Peterburg, FL. This property encompasses eight standard industrial units ranging from 3,000 to 6,000 square feet. Constructed in 1979, the facility spans 27,000 rentable square feet and features an occupancy rate of nearly 45 percent. Nestled on 1.07 acres, St. Pete Industrial caters toward the industrial and professional users of the market, which has a population of 112,000 residents in a 3-mile radius. Conveniently located at 4049-4123 S 8th Avenue, this facility resides in the rapidly expanding St. Petersburg market, approximately five miles west of Downtown St. Pete, and only five miles east of St. Pete Beach. This presents a remarkable opportunity for investors to acquire a well-established Industrial asset with the potential for further growth through continued rental rate increases and significant lease up.

Exclusively Listed By

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