406 Race Track Rd N - Warehouse FOR SALE
Oldsmar, FL 34677 |
$1,950,000 USD
407-924-1408
406 Race Track Rd N
Oldsmar, FL 34677
HIGHLIGHTS
- Robust cash flow offers an investor a double-digit cash-on-cash return | CASH-ON-CASH RETURN: 10.27%
- The potential for growth is substantial, whether through the construction of conventional storage units or additional parking
- With below-market rents relative to comparable boat & RV properties in the area, there is significant opportunity for rent increases
- The facility enjoys high occupancy rates due to its strategic location in the highly desirable Tampa area
- Tampa has experienced rapid population growth in recent years, creating an expanding customer base for boat & RV storage
- Excellent Demographics: Within a five-mile radius of the facility, there is a strong population of 152,938
FOR SALE DETAILS
PRICE
$1,950,000 USD
PRICE/SF
$780 USD /SF
CAP RATE
7.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Econo RV & Boat Storage
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1966
UTILITIES
Water - City, Sewer - City
CLEAR CEILING HT
14 Ft
DOCKS
-
DRIVE INS
1
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.77
LAND SF
77,101
ZONING
M-1
APN/PARCEL ID
24-28-16-14760-008-0070,24-28-16-14760-009-0010,24-28-16-14760-010-0010
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407-924-1408
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407-924-1408
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