St Pete Industrial
Industrial | 5.81% CAP | 24,000 SqFt
Marketing description
CBRE is proud to offer St. Pete Industrial, situated in Saint Petersburg, FL. This property encompasses eight standard industrial units ranging from 3,000 to 6,000 square feet. Constructed in 1979, the facility spans 24,000 rentable square feet and features an occupancy rate of 100 percent. Nestled on 1.07 acres, St. Pete Industrial caters toward the industrial and professional users of the market, which has a population of 113,811 residents in a 3-mile radius. Conveniently located at 4049–4123 S 8th Avenue, this facility resides in the rapidly expanding St. Petersburg market, approximately five miles west of Downtown St. Pete, and only five miles east of St. Pete Beach. This presents a remarkable opportunity for investors to acquire a well-established Industrial asset with the potential for further growth through continued rental rate increases which are more representative of the market rate.
Investment highlights
1.07 Acre lot in rapidly expanding St. Pete market.
Located in a market that has limited available inventory, limited vacancy and strong demand for commercial storage
100% occupied, short term leases with the ability to continue to push rents to market
Priced to sell, well-below replacement cost
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