JLL is pleased to bring 16550 Scheer Blvd in Hudson, Florida to the market for sale. Originally purchased in 2000, this multi-tenant small-bay industrial product located on the West Coast of Pasco County features five (5) total suites, four (4) of which are currently leased and occupied with 2.19 years of WALT remaining.
Built in 1988, this hyper-infill small bay industrial product caters to both local and national occupiers, hence the diverse tenant-base anchored by two National Tenants. This opportunity is unique in the fact that it allows for the potential investor to buy into a supply-constrained market and capitalize on an 80.90% stabilized asset with short WALT remaining. The opportunity to fill the rare and recent vacancy also allows for the investor to boost Year 1 NOI with an underwritten market rate of $12.75/SF NNN with little down time in a supply constrained market.