20k SF Multi-Tenant Industrial | Tampa MSA
Industrial | 4.00% CAP | 20,000 SqFt
Marketing description
Located in one of Plant City's industrial corridors, this 20,000 SF multi-tenant industrial building is 75% leased across five suites. With a WALT of under 0.1 years, an incoming owner has near-term ability to reset rents to market across nearly the entire rent roll.
The offering presents multiple paths to upside: lease-up of the two vacant suites, conversion of the month-to-month tenancies to market-rate leases, and mark-to-market potential on the one near-term lease expiration. Together, these levers give an owner a clear runway to stabilize the asset's return well above the submarket average.
All suites feature 3-phase power and grade-level loading, positioning the property well for a range of light industrial users. Office build-out varies by suite and is included in the building's total GLA; mezzanine space varies by suite and is not included in total SF.
Location Description
Located within the Woodside Airport Industrial Park in Plant City, Florida, this site benefits from proximity to aviation facilities and regional industrial infrastructure.
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Investment highlights
- 20,000 SF multi-tenant industrial building in one of Plant City’s industrial corridors
- Near-term opportunity to reset rents to market across much of the rent roll
- Units feature 3-phase power and grade-level loading, supporting a range of light industrial users
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