Winsupply IOS | Value-Add Industrial | Below Market Rent
Winsupply IOS | Below-Market Rent | Mark-to-Market Opportunity | National Tenant
Marketing description
Value REIS is pleased to present a rare opportunity to acquire a Winsupply-leased industrial outdoor storage (IOS) asset located in Crystal River, Florida. The property consists of approximately ±6,800 square feet situated on ~4.14 acres, including ~1.3 usable acres of IOS, offering functional yard space in a highly supply-constrained market.
The asset is leased to Winsupply, a nationally recognized distributor with over 650 locations across the United States, serving essential industries including plumbing, HVAC, waterworks, and industrial supply. The tenant’s business model is tied to non-discretionary demand, supporting long-term operational stability and consistent occupancy.
This investment presents a compelling value-add opportunity driven by below-market rents currently at approximately $5.21/SF, providing investors the ability to capture meaningful upside through lease extension, renegotiation, or re-tenanting at market rates. The lease has approximately 3.8 years remaining, creating a near-term opportunity to reposition the asset and significantly increase income.
Additionally, the property benefits from roughly $125,000 in recent capital improvements, including roof upgrades and general repairs, reducing near-term capital expenditure requirements and enhancing overall asset quality.
With a rare IOS component, strong tenant profile, and clear path to income growth, this offering is well-positioned for investors seeking both yield and upside in a constrained industrial market.
Investment highlights
Rare IOS Offering – ~1.3 usable acres of industrial outdoor storage in a supply-constrained market
Value-Add Opportunity – Below-market rent (~$5.21/SF) provides strong mark-to-market potential
Near-Term Lease Rollover – ~3.8 years remaining creates ability to reset rents or reposition
National Tenant – Winsupply operates 650+ locations nationwide across essential industries
Durable Demand Driver – Tenant serves non-discretionary construction and infrastructure sectors
Annual Rent Growth – 3.25% increases provide built-in NOI growth
Recent Capital Improvements – $125K+ invested into roof and property upgrades
Functional Industrial Layout – ±6,800 SF building with large yard component supports multiple use cases
Owner-User Optionality – Ability to occupy upon lease expiration in a tight IOS market
Attractive Basis Opportunity – Low in-place NOI allows for significant upside through repositioning
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