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Multi-Tenant Industrial Property Sale

RealINSIGHT Marketplace and Mission Capital Advisors are pleased to present the sale of a 266,840 SF Industrial warehouse property located in Tampa, Florida.

Sale Highlights
• Multi-tenant configuration that can easily be converted back to single-tenant use.
• Excellent location within a ¼ mile of I-75 and E Adamo Drive (SR 60), which is a main commercial corridor in the area.
• Rapidly growing area with the Tampa MSA the largest in the state of Florida and 18th largest in the U.S with over 3 million residents.
• Strong job growth partly attributed to several major industrial projects with the Bureau of Labor Statistics reporting the Tampa unemployment rate at 3.4% compared to 3.7% in Florida and a National average of 3.9%, as of August 2018.
• Strong Tampa Bay industrial market fundamentals at Q2 2018 with rental rates increasing by 5.0% in the trailing 12-month period and up 2.1% since year-end 2017, as reported by Avison Young.

The property consists of three buildings on a 21.75-acre site zoned “M”, Manufacturing located on the east side of South Falkenburg Road at its intersection with Elizabeth Place. The property contains a total of 266,840 sf that was constructed in 1972 and 1973. The three buildings consist of a 200,097 sf masonry light manufacturing main building, a 43,430 sf masonry support warehouse, and a 23,313 sf metal warehouse.

The property contains 44,829 sf (16.8%) of finished office space and 222,011 sf (83.3%) of warehouse space which features clear heights of 15’ to 18’ and is served by 25 dock high overhead doors, 7 grade level doors, and 1 overhead ramp door.

The property is located approximately 9 miles east of the Central Business District. Less than a quarter mile south of the property is E. Adamo Drive/W. Brandon Boulevard (SR 60), which is a main commercial corridor in the area, and the interchange for I-75 which traverses north and south and provides access to I-4 and I-275. The Tampa International Airport is located approximately 18 miles to the west with St. Pete-Clearwater International Airport 29 miles west.
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Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

500 South Falkenburg Industrial

500 S Falkenburg Rd, Tampa, FL 33619

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Current Bid:
Starting Bid:

Asset Snapshot

  • Asset Type
  • Real Estate
  •  
  • Industrial Type
  • Warehouse
  • Property Size
  • 266,840 Sq Ft
  • Ceiling Height
  • 15 Ft
  • Land Area
  • 21.75 Acres
  • Year Built
  • 1972 and 1973
  • Number of Buildings
  • 3
  • Occupancy
  • 96.30%
  • Occupancy as of
  • Nov 01, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Lamar P. Fisher

      Fisher Auction Company Inc.

      License: #AU93

      Fisher Auction Co: AB106