Diversified Investment: Industrial/Restaurant

13584 49th St North,
Clearwater, FL 33762

 

$4,200,000
Offering Price
$346,596
NOI
8.25%
Cap Rate
$72
Price Per SF
58,428
Building SF
4.21
Land Acres
$4,200,000
Offering Price
$346,596
NOI
8.25%
Cap Rate
$72
Price Per SF
58,428
Building SF
4.21
Land Acres

Investment Summary

  • A diversified property investment opportunity in Clearwater, Florida, Breckinridge Industrial park includes industrial warehouse spaces and a restaurant! Located among the busy streets of 49th Street North and Ulmerton Road, this industrial portfolio is a great opportunity for an investor looking for a highly-sought after property! This facility boasts low vacancy rates with majority of the units occupied. This location is popular and in high-demand in the area with frequent lead inquiries! The high-traffic area is visible and active during business hours which benefits the tenants. Tenants are also on triple net leases providing added peace of mind for the investor who can allocate appropriate increases to common area maintenance, if necessary. The location is ideal for companies needing access to water, air, or ground travel! The property is about one mile from the St. Pete-Clearwater International Airport and less than four miles from I-275. The ideal location is also about one mile and a half from U.S. Highway 19. This highway is seven miles long and has been referred to by the Clearwater Economic Development Department as an "economically vibrant corridor." The warehouses are also not far from Howard Frankland Bridge, Gandy Bridge, and the Bayside Bridge. These are frequently used to get in and out of Tampa. While under the management of Sunizo Superior Realty Management, tenants have been diligently vetted with criminal, credit, and eviction background reports and their income has been verified. There is quick-turn around to get these spaces ready to lease because of the effective and efficient efforts of Sunizo and the highly-qualified vendors who get the spaces from the move out phase and transform them into attractive and desirable leasing opportunities. There is already a uniform system in place to prepare the spaces in a similar manner to save costs on items (such as paint). Currently, the facility is reviewed monthly to ensure tenants are compliant. Sunizo also collects rents and works on capital improvements, presently at this location. This multi-tenant facility provides options and flexibility for potential inquiries with more than 35 units. These buildings are unique because they offer the best of both worlds, smaller units as well as spaces that vary up to 4,500 square feet. This property portfolio consists of three warehouse buildings and a deli/pizza restaurant located at the southeast section of the property. Mike's Pizza & Deli is 4,000 square feet. Adjacent and north of the restaurant is the first industrial building. The remaining two industrial buildings are in the northwestern section of the property. The warehouses vary in layouts providing options for potential tenants and are equipped with overhead doors. They have warehouse, office, and bathroom space. Parking is available throughout the entire facility and in front of each respective building. According to the Clearwater Economic Development team, Clearwater works with property owners and businesses to bring high-value employment opportunities to the area as well as wages. There are incentives programs as well as assistance for site locations. The city is also partnered with Clearwater Business SPARK which focuses on small businesses.

Investment Highlights

  • 95% leased
  • Triple Net Lease (NNN)
  • 38 Units (1,000-4,500 square feet)
  • Great access to 49th Street North and Ulmerton Road
  • Low maintenance
  • Easy access warehouse units
  • Virtual tour of the property:
  • https://app.immoviewer.com/portal/tour/1579556?accessKey=5d50

Location Summary

  • Clearwater is a distinct and unique city almost entirely surrounded by water. The west side of the city is encompassed by the Gulf of Mexico and the remainder of the city is surrounded by the waters of Old Tampa Bay and Tampa Bay. It is approximately 100 miles southwest of Orlando. Clearwater was incorporated in 1915. The Florida gem is located by two airports, the Tampa International Airport and St Petersburg/Clearwater International Airport. Furthermore, the city also has the Clearwater Coast Guard Air Station and the Clearwater Marine Aquarium.
  • There are dozens of higher educational facilities in and around the city. There are also professional sports teams in the Pinellas County area including NFL Tampa Bay Buccaneers and NHL Tampa Bay Lightning. Port Tampa Bay is also located nearby the city. Target industries for Pinellas County include Technologies, Aviation and Aerospace, Manufacturing, Information Technology, Defense and Homeland Security, and other industries according to Pinellas County Economic Development.
  • The city of Clearwater is a popular destination to live and visit. Many travel from all over the world to see the beaches of Clearwater. Clearwater has a plethora of activities to engage in including visiting the gorgeous beaches, wind surfing, taking a boat out for a ride, visiting downtown and more! Breweries are also popular in the area. The Pinellas Trail is a 47-mile trail with opportunities to bike, skate, job, and walk. There are also trolleys and ferries to get around the area. The city states it is "economically active" and "environmentally conscious."
  • A diversified property investment opportunity in Clearwater, Florida, Breckinridge Industrial park includes industrial warehouse spaces and a restaurant! Located among the busy streets of 49th Street North and Ulmerton Road, this industrial portfolio is a great opportunity for an investor looking for a highly-sought after property! This facility boasts low vacancy rates with majority of the units occupied. This location is popular and in high-demand in the area with frequent lead inquiries! The high-traffic area is visible and active during business hours which benefits the tenants. Tenants are also on triple net leases providing added peace of mind for the investor who can allocate appropriate increases to common area maintenance, if necessary. The location is ideal for companies needing access to water, air, or ground travel! The property is about one mile from the St. Pete-Clearwater International Airport and less than four miles from I-275. The ideal location is also about one mile and a half from U.S. Highway 19. This highway is seven miles long and has been referred to by the Clearwater Economic Development Department as an "economically vibrant corridor." The warehouses are also not far from Howard Frankland Bridge, Gandy Bridge, and the Bayside Bridge. These are frequently used to get in and out of Tampa. While under the management of Sunizo Superior Realty Management, tenants have been diligently vetted with criminal, credit, and eviction background reports and their income has been verified. There is quick-turn around to get these spaces ready to lease because of the effective and efficient efforts of Sunizo and the highly-qualified vendors who get the spaces from the move out phase and transform them into attractive and desirable leasing opportunities. There is already a uniform system in place to prepare the spaces in a similar manner to save costs on items (such as paint). Currently, the facility is reviewed monthly to ensure tenants are compliant. Sunizo also collects rents and works on capital improvements, presently at this location. This multi-tenant facility provides options and flexibility for potential inquiries with more than 35 units. These buildings are unique because they offer the best of both worlds, smaller units as well as spaces that vary up to 4,500 square feet. This property portfolio consists of three warehouse buildings and a deli/pizza restaurant located at the southeast section of the property. Mike's Pizza & Deli is 4,000 square feet. Adjacent and north of the restaurant is the first industrial building. The remaining two industrial buildings are in the northwestern section of the property. The warehouses vary in layouts providing options for potential tenants and are equipped with overhead doors. They have warehouse, office, and bathroom space. Parking is available throughout the entire facility and in front of each respective building. According to the Clearwater Economic Development team, Clearwater works with property owners and businesses to bring high-value employment opportunities to the area as well as wages. There are incentives programs as well as assistance for site locations. The city is also partnered with Clearwater Business SPARK which focuses on small businesses.
FOR MORE DETAILS CONTACT
Rich Hering
Vice President
(239) 310-2843
rich@sunizo.com