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21.6k SF Multi-Tenant Industrial | Tampa MSA 2007 Wood Ct 21,600 SF 100% Leased Industrial Building Plant City, FL 33563 $4,320,000 ($200/SF) 6.40% Cap Rate
Investment Highlights
- Light Industrial (PD) Zoning
- 20' Clear Height
- Public utilities
- 5 units
- 3 Phase 200 Amps
- Mezzanine and second story office buildout
Executive Summary
Located 2 ± miles from Interstate 4, this 21,600 SF multi-tenant industrial building is 100% leased to five tenants with a WALT of 1.4 years —offering in-place income with significant near-term mark-to-market upside.
83% of GLA rolls within 24 months, including one suite already on month-to-month. Current leases are either gross or modified gross, giving a buyer the opportunity to reset rents at market and convert tenants to NNN at renewal; capturing both rate growth and full pass-through of operating expenses currently absorbed by ownership.
All units feature 3-phase power, fire suppression, and 20' clear heights. Mezzanine and second-story office buildouts vary by suite and are not included in GLA.
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.
Price / SF $200.00
83% of GLA rolls within 24 months, including one suite already on month-to-month. Current leases are either gross or modified gross, giving a buyer the opportunity to reset rents at market and convert tenants to NNN at renewal; capturing both rate growth and full pass-through of operating expenses currently absorbed by ownership.
All units feature 3-phase power, fire suppression, and 20' clear heights. Mezzanine and second-story office buildouts vary by suite and are not included in GLA.
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.
Price / SF $200.00
Property Facts
| Price | $4,320,000 | Building Class | B |
| Price Per SF | $200 | Lot Size | 2.42 AC |
| Sale Type | Investment | Rentable Building Area | 21,600 SF |
| Cap Rate | 6.40% | No. Stories | 1 |
| Property Type | Industrial | Year Built/Renovated | 1998/2011 |
| Property Subtype | Warehouse | Clear Ceiling Height | 20’ |
| Zoning | PD - Light Industrial (PD) Zoning | ||
| Price | $4,320,000 |
| Price Per SF | $200 |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.42 AC |
| Rentable Building Area | 21,600 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1998/2011 |
| Clear Ceiling Height | 20’ |
| Zoning | PD - Light Industrial (PD) Zoning |
Utilities
- Water - City
- Sewer - City
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | P-31-28-22-58X-000000-00013.0 | Improvements Assessment | $1,426,000 |
| Land Assessment | $100 | Total Assessment | $1,426,100 |
Property Taxes
Parcel Number
P-31-28-22-58X-000000-00013.0
Land Assessment
$100
Improvements Assessment
$1,426,000
Total Assessment
$1,426,100
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21.6k SF Multi-Tenant Industrial | Tampa MSA | 2007 Wood Ct
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