Fully-Leased Industrial Asset with High-Yield Expansion Opportunity

Highlights

• Fully leased multi-tenant industrial property
• Four existing buildings totaling 5,172 SF
• 1.33-acre fenced site with surplus land
• Diverse tenant mix with service-oriented and industrial users
• Excellent visibility and access long US-41
• Proximity to major logistics and employment drivers
• Accommodates 30+ parked cars and all commercial vehicle types

Description

Stabilized Cash Flow + Significant Value Creation Through Low-Cost Expansion
PROPERTY OVERVIEW:
1517 S US Highway 41 is a 100% leased multi-tenant industrial investment opportunity offering immediate cash flow and a high-yield expansion opportunity. The property consists of 4 buildings totaling 5,172 SF on 1.33 acres with prominent frontage along US-41, generating $137,526.12 in NOI at a 7.5% going-in CAP rate.

The site's excess land and 0.3 FAR support development of an additional approximately ±3,000 SF prefab warehouse. Estimated construction cost is ~$150,000 with projected incremental NOI of ~$75,000 annually, representing an approximate 50% yield-on-cost. Upon stabilization, total NOI is projected to increase to ~$212,526.12, creating $850,000-$1,000,000+ in additional value at market
CAP rates.

This opportunity is well-suited for investors seeking durable industrial income with embedded upside or owner-users planning future expansion.

TENANT SUMMARY:
• All U Need Pest Control: Regional tenant with service areas in TX, SC, and multiple FL markets
• Exclusive Landscaping Group: Servicing hospitality properties, HOAs, multifamily communities, retail centers, and municipal properties in Tampa and Orlando
• Oops a Daisy Flowers & Gifts: Longstanding local business

QUANTIFIABLE EXPANSION UPSIDE
The existing site layout and FAR support development of an additional industrial building, subject to buyer verification and permitting. Development of the underutilized land allows for construction of an approximate ±3,000 SF prefab industrial warehouse, providing a future owner with increased rental income.
The proposed warehouse can be designed with multiple overhead doors and flexible bay configurations (approx. 1,000-1,500 SF per bay), making it well suited for small-bay industrial, contractor, service, and light manufacturing users. This product type continues to experience strong tenant demand and limited supply within the Southeast Hillsborough submarket.
Upon stabilization, NOI is projected to increase from $137,526.12 to approximately $212,526.12, enhancing cash flow and overall returns while creating $850,000-$1M+ in value at market cap rates. The opportunity combines stabilized income today with low-risk NOI growth via cost-efficient expansion, providing flexibility to hold, refinance, or sell post-stabilization.

INVESTMENT HIGHLIGHTS
• 7.5% going-in CAP Rate with stabilized income
• Exceptional yield-on-cost expansion opportunity
• Significant equity creation potential through low-risk development
• Strong small-bay industrial demand in Southeast Hillsborough County
• Flexible exit strategies: hold, refinance, or sell post-expansion
• Ideal for private capital, 1031 buyers, or owner-users

EXPANSION ECONOMICS HIGHLIGHTS
• Proposed Building Size: ±3,000 SF
• Estimated Construction Cost: ~$150,000
• Potential Configuration: Multiple overhead doors, flexible layout
• Target Tenant Profile: Contractors, services businesses, light industrial users
• Projected Stabilized Incremental NOI: ~$75,000 annually
• Yield-on-Cost: ~50%

This 100% leased industrial investment opportunity features 1 warehouse and 3 renovated office buildings totaling 5,172 SF located on 1.33 acres in Ruskin - Hillsborough County. The property offers excellent visibility with frontage on Hwy 41 and convenient access to I-75. Located 4.4 miles west of the 1.1M SF Amazon Fulfillment Center. Zoned Commercial Intensive with 0.3 FAR.

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