Genesis Direct | Tampa, FL
Sands Investment Group is Pleased to Exclusively Offer For Sale the 57,980 SF Genesis Direct Industrial Triple Net Investment Located at 8514 Sunstate Street in Tampa, FL. With Over 4 Years on a Triple Net (NNN) Lease and Attractive Rent Increases, This Opportunity Provides For a Best-of-Class Investment With Income Growth of an Established Tenant in the Desirable Tampa Bay Market.
- Approximately 4 Years Remaining on a Triple Net (NNN) Lease
- Property Features Below Market Rents and 2.5% Annual Increases With a Market Rate Renewal at Option
- Limited Competition of Similar on Market Assets in One of the Most Sought-After Markets in the Country
- Class A Industrial Buildout With 24 Foot Clear Heights, Five Full Size Loading Bays, 33,980 SF Fully Air-Conditioned Warehousing Floor Space and 24,000 SF Office Space Divided Into Two Stories
- There Are Over 113,566 People Living Within a 3-Mile Radius Making an Average Income of $71,811
- Excellent Location – This Property is in the Highly Desirable Northwest Tampa Submarket, Close to Downtown Tampa and Airport; This is a Very Dense Part of Tampa and a High Barrier to Entry Location
- Strong MSA – Tampa and St. Petersburg is One of the Hottest MSA’s in America and is Experiencing Strong Development and Growth; Demographics Are Very Strong and Commercial Real Estate Investors Love Investing in This MSA
In Cooperation With SIG RE Services, LLC Lic. # CQ1055229
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