Investment Overview

Nestled adjacent to the Zephyrhills Municipal Airport, 5002 - 5048 Airport Road in Zephyrhills, FL, is a versatile property offering both solid current returns and significant future potential. Spanning 25,250 gross square feet, this metal warehouse occupies 4 acres of prime land. It is strategically positioned to benefit from its proximity to the airport, making it an attractive proposition for diverse businesses. The property is fully owned (fee simple) and was previously part of a ground lease, now providing unencumbered ownership within the Airport Registry. Furthermore, the property has been recently rezoned to Light Industrial. The warehouse hosts multiple tenants, ensuring a steady stream of rental income while also offering additional revenue opportunities through truck parking. This makes it particularly appealing to investors looking to enhance value by filling vacancies or for businesses seeking space to occupy while leveraging existing rental flows. Recent significant capital expenditures have added value and appeal to the property. These include a fresh exterior paint job that enhances its curb appeal, a new HVAC system installed, comprehensive sealing and coating of the roof, asphalt work, and pavement striping. Additionally, tenant improvements are in progress, projected to be completed at the start of the the Fourth Quarter 2024. Additional rent will be collected upon completion of these improvements and tenant expansion/move in.