4123 S 8th Ave - Warehouse FOR SALE


Saint Petersburg, FL 33711
$2,800,000 USD
561-685-0140
4123 S 8th Ave, Saint Petersburg, FL for Sale
$2,800,000 USD
Warehouse - FOR SALE
1/8
null | Request Cap Rate

4123 S 8th Ave
Saint Petersburg, FL 33711


HIGHLIGHTS

  • 1.07 Acre lot in rapidly expanding St. Pete market.
  • Located in a market that has limited available inventory, limited vacancy and strong demand for commercial storage
  • 100% occupied, short term leases with the ability to continue to push rents to market
  • Priced to sell, well-below replacement cost

OVERVIEW

CBRE is proud to offer St. Pete Industrial, situated in Saint Petersburg, FL. This property encompasses eight standard industrial units ranging from 3,000 to 6,000 square feet. Constructed in 1979, the facility spans 24,000 rentable square feet and features an occupancy rate of 100 percent. Nestled on 1.07 acres, St. Pete Industrial caters toward the industrial and professional users of the market, which has a population of 113,811 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 which are more representative of the market rate. *TO ACCESS FULL OM SEND ATTACHED CA TO BROKER*

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$117 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

St. Pete Industrial

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

4

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.55

LAND SF

24,000

ZONING

C

APN/PARCEL ID

27-31-16-87093-001-0010

ASK ABOUT THIS PROPERTY

561-685-0140

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561-685-0140

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