495 Brady RdTarpon Springs, FL 34689

Property Details for 495 Brady Rd

Lot size

0.66 AC

Property type

Land

Property subtype

Other industrial land

APN

02-27-15-75760-002-0200

APU

22715757600020200

Description

This exceptional investment opportunity presents a stabilized, Class A industrial park in Tarpon Springs, Florida. The property comprises three modern, single-story buildings totaling 72,000 square feet, each featuring 24,000 square feet of net rentable space. Currently boasting 100% occupancy with 33 tenants across 32 units, the park offers a strong current NOI of $609,175 and a 4.41% cap rate. Significant value-add potential exists due to a low weighted average lease term (WALT), with numerous leases up for renegotiation in the near future, projecting a pro-forma NOI of $914,000 and a 6.62% pro-forma cap rate. The park features 34 loading docks and 24-foot ceiling heights. Built in 2023, the buildings showcase a blend of masonry and metal construction, demonstrating exceptional storm resilience, having withstood recent hurricanes without damage. The property also includes a man-made pond, enhancing its aesthetic appeal. Further expansion opportunities exist with pre-approved plans for an additional 20,250-square-foot building and nearly 100,000 square feet of adjacent land available for development. This fee-simple offering is priced at $13,800,000, representing a price per square foot of $191.67. The property's prime location in the rapidly growing Southwest Florida market, coupled with its high-quality construction and significant upside potential, makes it an attractive investment.

Location Insight

City

Tarpon Springs

County

Pinellas

State

Florida

Latitude

28.1669

Longitude

-82.767

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].