495 Brady RdTarpon Springs, FL 34689
Class A Industrial Park, High Occupancy
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- $13,800,000 asking price for a stabilized, value-add industrial investment.
- 72,000 square feet of Class A industrial space with 33 tenants in a multi-tenant gross lease structure.
- 100% occupancy with a current NOI of $609,175 and a pro-forma NOI of $914,000, resulting in a 4.41% current cap rate and a 6.62% pro-forma cap rate.
- Three modern, 24,000 SF multi-bay buildings, constructed in 2023, featuring 34 loading docks and 24-foot ceiling heights.
- Located in Tarpon Springs, Florida, offering significant value-add potential due to upcoming lease renegotiations and a low weighted average lease term (WALT).
- Pre-approved plans for a 20,250 SF expansion and additional land available for development totaling nearly 100,000 SF.
Property Details for 495 Brady Rd
- Property type
- Industrial properties, Manufacturing properties
- Square Feet
- 72,000 SF
- Class
- A
- Year Built
- 2023
- Buildings
- 3
- Stories
- 1
- Units
- 32
Location Insight
- City
- Tarpon Springs
- County
- Pinellas
- State
- Florida
- Latitude
- 28.1672357
- Longitude
- -82.7665493
Nearby Similar for Sale
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