For Sale
$2,200,000

16550 Scheer BlvdHudson, FL 34667

High-Cap Rate Warehouse in Florida

Overview

Added:
Dec 11, 2024
Days on market:
114
This 15,700 square foot warehouse, located at 16550 Scheer Blvd in Hudson, Florida (Pasco County, zip code 34667), presents a compelling investment opportunity. Built in 1988, the property sits on a 1.45-acre lot and boasts a remarkable 80.90% cap rate. The warehouse features 10 loading docks and a 15-foot ceiling height. With a permitted zoning of 00C3 - Commercial, the property includes 3,000 square feet of net rentable space. Currently, four of the five suites are leased, offering a weighted average lease term of 2.19 years. The property provides 1.32 parking spaces per 1,000 square feet. This multi-tenant industrial building caters to a diverse tenant base, including two national tenants, making it an attractive investment in a supply-constrained market. The current vacancy presents an opportunity to increase year one net operating income (NOI) by leasing at the underwritten market rate of $12.75 per square foot, triple net (NNN). The asking price for this exceptional property is $2,200,000.

Highlights

  • 15,700 SF warehouse on a 1.45-acre lot in Hudson, FL (Pasco County, 34667).
  • Built in 1988, offering an 80.90% cap rate.
  • Features 10 loading docks and 15-foot ceilings; 3,000 SF of net rentable space.
  • Four of five suites leased, 2.19-year weighted average lease term; 1.32 parking spaces per 1,000 SF.
  • Multi-tenant building with two national tenants; $2,200,000 asking price.

Property Details for 16550 Scheer Blvd

Property type
Warehouses, Retail properties
Square Feet
15,700 SF
Year Built
1988
Lot Size (sq. ft)
63,162 SF

Location Insight

City
Hudson
County
Pasco
State
Florida
Latitude
28.3985863
Longitude
-82.6635711
16550 Scheer Blvd, Hudson, Florida

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16550 Scheer Blvd
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