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28926697
28927120

1020 S 86th St, Tampa, FL 33619

JL
FL FL BK3068676
Lamm Properties, Inc
Listed by Lamm Properties, Inc
$5,559,000
181 days on market
Updated 2 days ago
Opportunity zone

PRICE REDUCED | 6.75% Cap | 100% Leased Industrial | E Tampa

Details
Property Type Industrial
Sub Type Manufacturing, Warehouse (+1)
Square Footage 28,230
Net Rentable (SqFt) 28,230
Units 2
Cap Rate 6.75%
NOI $375,400
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 5.3
Lease Expiration 07/31/2030
Remaining Term 4.1
Rent Bumps Yes
Lease Options One, Five Year Renewal Option
Price per SqFt $197
Broker Co-Op No
Class B
Year Built 1980 & 1986
Year Renovated 2023
Buildings 2
Stories 2
Acreage 1.560
Zoning M
Parking Spaces 30 per 1,000 sq ft
Investment Type Institutional
Tenant Credit Credit Rated
Lease Commencement 05/01/2025
Occupancy Date 08/01/2025
Ground Lease No
Ceiling Height 20
Loading Docks 2
Ownership Private
Sale Condition For sale by owner

1020–1030 S 86th Street is a 100% leased, two-building industrial investment | 28,230 SF

Marketing description

1020–1030 S 86th Street is a 100% leased two-building industrial investment totaling 28,230 SF in East Tampa with strong visibility along the Lee Roy Selmon Expressway.

The property features NNN leases, 4% annual rent escalations, and supplemental billboard income, providing stable in-place cash flow with built-in growth. Lease expirations are staggered through 2030 and 2031, limiting near-term rollover exposure.

Now offered at $5,559,000 (6.75% cap rate), the asset presents an opportunity to acquire stabilized infill industrial real estate at pricing aligned with current market yield expectations.

Located within an Opportunity Zone with immediate access to I-75, I-4, US-301, SR-60, and Port Tampa Bay, the property benefits from strong long-term demand drivers and limited infill supply.

Buyer’s broker representation, if any, shall be at buyer’s sole expense. Seller will not pay a cooperating broker fee.

Investment highlights

100% Leased Stabilized Industrial Investment

Two-building industrial asset totaling 28,230 SF with durable in-place cash flow.

Now Offered at a 6.75% Cap Rate

Adjusted pricing aligned with current market yield expectations.

Strong Income with Built-In Growth

NNN leases with 4% annual rent escalations and staggered expirations in 2030 and 2031.

Supplemental Billboard Revenue

Additional ancillary income enhances overall NOI and return profile.

Prime Infill East Tampa Location

Direct visibility along the Lee Roy Selmon Expressway with immediate access to I-75, I-4, US-301, and SR-60.

Opportunity Zone Location

Located within a federally designated Opportunity Zone with potential tax advantages.

Limited Near-Term Rollover Risk

Stable tenancy across both buildings with recent lease-up of the 17,444 SF building.

Functional Industrial Features

Grade-level loading, heavy power, and outside storage suited for manufacturing and distribution users.

High-Visibility, Income-Oriented Asset

Well-positioned in a supply-constrained East Tampa industrial submarket with strong long-term demand fundamentals.

Listing Contacts

JL
FL FL BK3068676
Lamm Properties, Inc
Listed by Lamm Properties, Inc

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$375,400.00
$31,283.33/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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Additional Information

Name
Jeff Lamm
License
BK 3068676
Brokerage
Lamm Properties Inc
Brokerage Phone
813-300-5266
Title
Broker of Record
Brokerage Address
100 S Ashley Dr, Suite 600-2505, Tampa, FL 33602
Name
Jeff Lamm
License
FL BK3068676
Brokerage
Lamm Properties Inc
Brokerage Phone
813-300-5266
Title
Real Estate Broker
Brokerage Address
100 S Ashley Drive South
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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