Climate Controlled Industrial Owner/User or NNN Investment Property - 7% CAP

Highlights

• Seller financing possible!
• Expansive 14,700 square foot industrial building
• Located in the highly sought-after West Pasco Industrial Park
• Available for Owner/User or Seller is offering a leaseback for up to 5 years
• 7% CAP rate with a 4% annual lease increase
• NNN lease, ensuring minimal management responsibilities for the buyer
• Ceiling height of 20 feet, ideal for storage and large equipment
• Entire building has first 8 feet block construction
• Three exterior bay doors (one 16 feet tall, two 20 feet tall)
• Loading dock for seamless loading and unloading
• Warehouse renovated in 2005 with all new insulation, 2,500 square feet of office space added in 2016 with 7 offices
• Building brought to code in 2016, including a firewall separating office and warehouse spaces
• Four separated warehouse spaces: 2,400 sq ft, 4,250 sq ft, 4,200 sq ft, and 1,350 sq ft
• All new electrical panels: 120V, 240V, and 480V up to 800 Amps
• New HVAC system installed in 2015 (2 units)
• Floors receive new epoxy every 2 years
• Warehouse height above the office area, allowing for potential conversion
• Situated on an acre of land
• Convenient access to major transportation routes (right off SR-54 and next to Starkey Ranch)
• 3 bathrooms

Description

This expansive 14,700 square foot industrial building in the highly sought-after West Pasco Industrial Park presents a unique Owner/User or Investment opportunity with seller financing possible! The current owner/occupant, GIC Engineering, specializes in leading edge softgel capsule technology that designs, builds, equips, and transfers technology to softgel capsule facilities worldwide, and has been operating from this location for 9 years, is offering a leaseback for up to years with a 7% CAP rate and a 4% annual lease increase. This property features a NNN lease, ensuring minimal management responsibilities for the buyer.

The building boasts a ceiling height of 20 feet, ideal for storage and large equipment, and includes three exterior bay doors and a loading dock for seamless loading and unloading. The 2,500 square feet of office space, added in 2016, is perfect for administrative and managerial functions. The rest of the building was brought to code in 2016, including the addition of a firewall separating the office from the warehouse space, which comprises four separate warehouse spaces. All new electrical panels up to 800 Amps and 480 Volts were installed, along with a new HVAC system in 2015.

Situated on an acre of land, this property is located in the highly sought after West Pasco Industrial Park, right off SR-54 and next to Starkey Ranch, offering convenient access to major transportation routes. This property is perfectly positioned to support business operations, providing the space and infrastructure needed for efficiency and growth. With a solid tenant in place and a leaseback arrangement, this is an exceptional opportunity for investors seeking long-term, stable income. Don’t miss out on this prime industrial real estate investment!

Strategically located in the highly sought-after West Pasco Industrial Park, this expansive 14,700 square foot warehouse offers unparalleled space and accessibility. Situated right off SR-54 and next to Starkey Ranch, this property provides convenient access to major transportation routes, making it perfectly positioned to support business operations and drive growth.

West Pasco Industrial Park is nestled in the heart of Pasco County, offering a prime location for businesses seeking growth and efficiency. Close to major highways and just a short drive from Tampa, this industrial hub provides unparalleled access to key markets and resources. The park boasts a strategic location near the Pasco Sheriff Office - District 3 and Pasco County Fire Rescue - Station 15, ensuring safety and security.

Additionally, it is in close proximity to amenities such as Big Storm Brewery, Vallarta’s Mexican Restaurant, and Suncoast Credit Union, making it a convenient and attractive spot for employees and visitors alike. The thriving business community includes companies like Global ETS, which has recently expanded its operations, creating over 100 new jobs and investing significantly in new facilities.

Choosing West Pasco Industrial Park means benefiting from easy access to major transportation routes, making logistics and distribution seamless. The supportive environment fostered by the Pasco Economic Development Council is dedicated to helping businesses grow and succeed. The park features state-of-the-art infrastructure designed to meet the needs of diverse industries, ensuring that your business has the resources it needs to thrive.

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