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36,480 sqft Flex Warehouse | Odessa, FL 33556 11607 Prospect Dr 36,480 SF Industrial Building Odessa, FL 33556 $5,700,000 ($156.25/SF) 10.56% Cap Rate
Executive Summary
Address: 11607 & 11611 Prospect Dr Odessa, FL 33556
County: Pasco County
Parcel ID: 29-26-17-0010-00000-0230 | 29-26-17-0010-00000-0241
Building size: 36,480 sqft
Land size (acre): 1.81
Layout: 2 Flex Warehouse
Sewer: Connected
Water: City Water. Connected
Electric: Connected
Road Access: Yes
Flood Zone: No
Opportunity zone: False
Rent Info:
Potential Gross Rent: $50,176/month
Potential NOI: $602,116
Asking price: $5,700,000 with OWNER FINANCING option
Down Payment: $2,000,000 (due at closing)
Note: $3,700,000
Payments to Seller: $17,664.40 ($211,972.80 per year)
Interest Rate: 4% with a 10-year balloon
Amortization period: 30 Years
Prepayment Penalty: If Buyer prepays the outstanding balance of the note in full, a prepayment penalty shall apply as follows: 3% of the outstanding balance if paid in full during year 1, 2% if paid in full during year 2 and 1% if paid in full during year 3. No prepayment penalty shall apply if the balance is paid in full after year 3.
Showing property visits by appointment only.
Call\ Text to schedule
Disclaimer: Acre Expert LLC is a team of real estate developers and investors. We buy, sell, and hold properties for investment purposes.
We are not licensed real estate brokers. This property is being marketed based on our equitable interest via an assignable contract or as the property owner.
All Information provided is preliminary and subject to change. Acre Expert LLC makes no guarantees regarding accuracy, lease terms, or financials. The buyer must conduct independent due diligence and verify all details.
County: Pasco County
Parcel ID: 29-26-17-0010-00000-0230 | 29-26-17-0010-00000-0241
Building size: 36,480 sqft
Land size (acre): 1.81
Layout: 2 Flex Warehouse
Sewer: Connected
Water: City Water. Connected
Electric: Connected
Road Access: Yes
Flood Zone: No
Opportunity zone: False
Rent Info:
Potential Gross Rent: $50,176/month
Potential NOI: $602,116
Asking price: $5,700,000 with OWNER FINANCING option
Down Payment: $2,000,000 (due at closing)
Note: $3,700,000
Payments to Seller: $17,664.40 ($211,972.80 per year)
Interest Rate: 4% with a 10-year balloon
Amortization period: 30 Years
Prepayment Penalty: If Buyer prepays the outstanding balance of the note in full, a prepayment penalty shall apply as follows: 3% of the outstanding balance if paid in full during year 1, 2% if paid in full during year 2 and 1% if paid in full during year 3. No prepayment penalty shall apply if the balance is paid in full after year 3.
Showing property visits by appointment only.
Call\ Text to schedule
Disclaimer: Acre Expert LLC is a team of real estate developers and investors. We buy, sell, and hold properties for investment purposes.
We are not licensed real estate brokers. This property is being marketed based on our equitable interest via an assignable contract or as the property owner.
All Information provided is preliminary and subject to change. Acre Expert LLC makes no guarantees regarding accuracy, lease terms, or financials. The buyer must conduct independent due diligence and verify all details.
Property Facts
| Price | $5,700,000 | Lot Size | 1.81 AC |
| Price Per SF | $156.25 | Rentable Building Area | 36,480 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 10.56% | Year Built | 2003 |
| Property Type | Industrial | Clear Ceiling Height | 19’ |
| Property Subtype | Manufacturing | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C | ||
| Zoning | I-2 - industrial | ||
| Price | $5,700,000 |
| Price Per SF | $156.25 |
| Sale Type | Investment |
| Cap Rate | 10.56% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 1.81 AC |
| Rentable Building Area | 36,480 SF |
| No. Stories | 2 |
| Year Built | 2003 |
| Clear Ceiling Height | 19’ |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | I-2 - industrial |
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Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 29-26-17-0010-00000-0230 | Improvements Assessment | $2,977,343 |
| Land Assessment | $286,475 | Total Assessment | $3,263,818 |
Property Taxes
Parcel Number
29-26-17-0010-00000-0230
Land Assessment
$286,475
Improvements Assessment
$2,977,343
Total Assessment
$3,263,818
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