This Pinellas Park industrial warehouse represents a rare opportunity to acquire a multi-tenant property within one of Tampa MSA’s most sought-after industrial submarkets. Spanning 25,309 square feet on a 1.43-acre site, this asset offers stable income, strong market fundamentals, and clear upside potential through rental rate adjustments.

Strong Submarket Fundamentals

Situated in the South Pinellas Industrial Submarket—the largest in the Tampa metro—the property benefits from approximately 2.5% annual rent growth. With limited new construction under 100,000 square feet, replacement of similar small- to mid-size assets has become increasingly difficult, enhancing long-term value and investor appeal.

Prime Strategic Location

Ideally located in Pinellas Park, Florida’s most densely populated county, the property enjoys direct access to major transportation routes connecting the Tampa Bay area. Positioned between U.S. Highway 19 and Interstate 275, it benefits from exceptional connectivity and visibility, driving strong tenant demand and long-term occupancy stability.

Recent Capital Improvements

Significant improvements have already been made, including replacement of roughly two-thirds of the roofing system. These enhancements reduce near-term capital expenditure risk while improving overall building performance and asset longevity—making this a ready-to-own, low-maintenance investment.

Attractive Lease Structure

The property operates under full-service gross leases with short-term commitments, offering both security and flexibility. Current occupancy stands at 82.9%, with pro forma rents underwritten at approximately $15 per square foot, presenting strong mark-to-market potential and income growth opportunities in a high-demand industrial corridor.

Value-Add and Pricing Advantage

Priced at $3,000,000, or $118 per square foot, this property provides a compelling value well below replacement cost. With a projected pro forma cap rate of 9.49% and an annual NOI of $284,846, investors gain access to a stabilized, income-producing industrial asset with built-in upside potential and solid regional fundamentals.