Tampa Warehouse for rent
5433 West Crenshaw Street
5433 West Crenshaw Street
Tampa (Benjamin Center), Florida
Warehouse Specifications
Property Size :
Warehouse :
24,032 SF
# 17520
Warehouse Description
This fenced warehouse near Tampa airport offers a rare ownership opportunity. Ideal for owner-users seeking ample space, with high ceilings (18'-24') for storage, spacious office areas (around 2,000 sq ft), and a secure fenced-in area with over 50 parking spaces. Additionally, the warehouse features 100 linear feet of concrete dock with a triple truck well and a 12' x 14' door with ramp access.
For investors, this property presents a prime 1031 exchange opportunity. The current lease for 14,032 sq ft ends on 8/31/2023, with the national tenant expressing interest in extending their lease. A new lease could significantly increase the net operating income (NOI), currently at $200,055 with a cap rate of 5.01%. Proforma projections estimate an NOI of $255,000 and a cap rate of 6.5% with a renewed lease at 8/31/23 and 3/31/24.
Tampa Local Warehouse Rentals
At IndustrialSpaces.net, we pride ourselves on providing comprehensive rental services. Our Tampa team specializes in identifying the finest warehouses and industrial properties that align with your specific requirements.
Comprehensive Services for Varied Business Needs
Diverse Property Portfolio: Access a wide selection of warehouses for rent in Tampa and surrounding areas.
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Free Rent Review and Space Planning: Our services extend to ensuring optimal space utilization and avoiding unfavourable rental conditions.
Interested in learning more about 5433 West Crenshaw Street or other warehouse rental options in Tampa? Contact our expert team today at (833) 556-5511, or visit IndustrialSpaces.net to browse our full range of industrial and warehouse spaces.
Location 5433 West Crenshaw Street, Tampa
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