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31640265
31640264

1059 Duck Box Rd, Umatilla, FL 32784

RT
FL FL SL3442474
Marcus & Millichap
JD
FL SL3517817
Marcus & Millichap
EC
FL SL3433461
Marcus & Millichap
Listed by Marcus & Millichap
$3,750,000
91 days on market
Updated 1 day ago

Small Bay Industrial | Umatilla, FL

Details
APN 23-18-26-0010-000-01100
Property Type Industrial
Sub Type Flex, Warehouse (+1)
Square Footage 24,000
Units 10
Cap Rate 6.54%
NOI $245,191
Occupancy 100%
Lease Type NNN
Price per SqFt $165
Broker Co-Op Yes
Class A
Year Built 2024
Buildings 4
Acreage 2.670
Zoning C-3
Parking Spaces 48 spaces
Parking Per SqFt 2.00
Investment Type Value Add
Ground Lease No
Ceiling Height 18 FEET

100% Occupied | 2024 Construction | Small Bay

Investment highlights

Asset Overview

  • Turn-Key Small Bay Industrial Asset – Four concrete block buildings constructed in 2024, offering durable, low-maintenance construction and modern functionality designed to meet the needs of today’s industrial tenants.
  • True Small Bay Configuration – Units range from 2,000–3,000 SF, ideal for local and regional service users. Eight units feature private offices and every suite includes its own restroom, enhancing tenant usability and reducing vacancy risk.

Tenancy & Income Profile:

  • 100% Occupied with Near-Term Rental Upside – The property is fully leased with a WALT of 1.37 years, providing stable inplace income while allowing investors the opportunity to mark rents to market in the near term.

Location & Investment Overview:

  • Strategic Central Florida Location – Located in Umatilla, approximately 46 miles from Downtown Orlando, 55 miles from Orlando International Airport, and 29 miles from The Villages, placing the asset within the expanding Central Florida industrial corridor.
  • No Flood Zone / No Wetlands – The property is not located within a flood zone or wetlands area, helping reduce environmental and insurance risk.
  • Investor-Preferred Industrial Product – Newer construction, functional small bay layout, diversified tenant base, and near-term lease rollover combine to create a highly desirable industrial investment opportunity.
  • Clear Height: 16 Feet to Eve of the Beam. 18 Feet at the Apex of the Beam.
  • Height & Width (Roll Up Doors): 12w X 12h
  • Offices: Eight Units Have Offices, Two Units Do Not. Offices Are 200-300 Sf Per Unit Depending
  • On the Size of the Unit.
  • Bathrooms: All Units Have Private Bathrooms.
  • A/c: All Offices Are Air-conditioned.
  • Power: All Units Have 3-phase Power.
  • Parking: Four Parking Spots Per Unit & Common Area Parking.

Listing Contacts

RT
FL FL SL3442474
Marcus & Millichap
JD
FL SL3517817
Marcus & Millichap
EC
FL SL3433461
Marcus & Millichap
Listed by Marcus & Millichap

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$245,191.00
$20,432.58/mo

Valuation Metrics

0
DSCR
6.54%
Cap Rate
6.54%
ROI

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Additional Information

Name
RYAN NEE
License
LIC#BK3154667
Title
Broker of Record
Name
Reid Thedford
License
FL SL3442474
Brokerage
Marcus & Millichap
Brokerage Phone
(813) 387-4726
Title
Senior Director Investments
Name
James Defusto
License
SL3517817
Brokerage Phone
813-387-4784
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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