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Yellowstone Landscape 10909 E US Highway 92 12,950 SF Industrial Building Seffner, FL 33584 $4,840,000 ($373.75/SF) 6.75% Cap Rate
Investment Highlights
- • 10-Year NNN Lease with 3% Annual Rental Increases - Two Five-Year Options | Minimal LL Responsibilities
- • Tenant Backed by Harvest Partners, LP ($20B+ AUM) - Neuberger Berman Capital Solutions Holds Min. Stake
- • Part of the Tampa, Florida MSA | High Growth - Top 20 MSA in the U.S. | 3,400,000+ Residents
- • Property 100% Leased to Yellowstone Landscape - 4 th Largest Landscaping Company in the U.S.
- • Blended 7.74% Yield During Initial Lease Term - Strong Annual Increases Continue Throughout Options
- • Ideally Located at the Intersection of I - 75 & I - 4 - 2 Mile Ingress/Egress in Both Directions
Executive Summary
• 10-Year NNN Lease with 3% Annual Rental Increases
- Two Five-Year Options | Minimal LL Responsibilities
• Property 100% Leased to Yellowstone Landscape
- 4th Largest Landscaping Company in the U.S.
• Tenant Backed by Harvest Partners, LP ($20B+ AUM)
- Neuberger Berman Capital Solutions Holds Min. Stake
• Blended 7.74% Yield During Initial Lease Term
- Strong Annual Increases Continue Throughout Options
• Part of the Tampa, Florida MSA | High Growth
- Top 20 MSA in the U.S. | 3,400,000+ Residents
• Ideally Located at the Intersection of I - 75 & I - 4
- 2 Mile Ingress/Egress in Both Directions
• Year Over Year Strong Population Growth
- Nearly 700,000 Residents within a 10-Mile Radius
• Branch Covers a Far-Reaching Service Area (20 Miles)
- Coverage Includes Lakeland (East) and Ruskin (South)
• Surrounded by New Development Along I - 75
- Recent Projects Include Crossroads Industrial Center
- Two Five-Year Options | Minimal LL Responsibilities
• Property 100% Leased to Yellowstone Landscape
- 4th Largest Landscaping Company in the U.S.
• Tenant Backed by Harvest Partners, LP ($20B+ AUM)
- Neuberger Berman Capital Solutions Holds Min. Stake
• Blended 7.74% Yield During Initial Lease Term
- Strong Annual Increases Continue Throughout Options
• Part of the Tampa, Florida MSA | High Growth
- Top 20 MSA in the U.S. | 3,400,000+ Residents
• Ideally Located at the Intersection of I - 75 & I - 4
- 2 Mile Ingress/Egress in Both Directions
• Year Over Year Strong Population Growth
- Nearly 700,000 Residents within a 10-Mile Radius
• Branch Covers a Far-Reaching Service Area (20 Miles)
- Coverage Includes Lakeland (East) and Ruskin (South)
• Surrounded by New Development Along I - 75
- Recent Projects Include Crossroads Industrial Center
Data Room Click Here to Access
Property Facts
| Price | $4,840,000 | Lot Size | 5.77 AC |
| Price Per SF | $373.75 | Rentable Building Area | 12,950 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.75% | Year Built | 1971 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Service | Clear Ceiling Height | 12’ |
| Building Class | B | ||
| Zoning | CI - Agricultural Rural 1 unit per 5 acres | ||
| Price | $4,840,000 |
| Price Per SF | $373.75 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | B |
| Lot Size | 5.77 AC |
| Rentable Building Area | 12,950 SF |
| No. Stories | 1 |
| Year Built | 1971 |
| Tenancy | Single |
| Clear Ceiling Height | 12’ |
| Zoning | CI - Agricultural Rural 1 unit per 5 acres |
Amenities
- Fenced Lot
- Security System
- Signage
- Wheelchair Accessible
- Yard
- Accent Lighting
- Reception
- Storage Space
- Common Parts WC Facilities
- Air Conditioning
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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Property Taxes
| Parcel Number | U-33-28-20-ZZZ-000002-26340.0 | Improvements Assessment | $245,040 |
| Land Assessment | $342,660 | Total Assessment | $587,700 |
Property Taxes
Parcel Number
U-33-28-20-ZZZ-000002-26340.0
Land Assessment
$342,660
Improvements Assessment
$245,040
Total Assessment
$587,700
Contacts
-
Rory Shelby -
Caitlin Lancaster -
Scott Gould -
Spencer Koch -
Christopher Biuso -
Marcus & Millichap
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Yellowstone Landscape | 10909 E US Highway 92
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