1020–1030 S 86th Street is a fully stabilized, 100% leased two-building industrial investment totaling 28,230 SF in East Tampa, offering exceptional visibility along the Lee Roy Selmon Crosstown Expressway.
The property is secured by long-term NNN leases, 4% annual rent escalations, and supplemental billboard income, providing investors with strong in-place cash flow and built-in revenue growth. The asset has recently achieved full stabilization following execution of a new lease for the 17,444 SF building, firmly positioning this offering as a core industrial investment opportunity rather than an owner-user offering.
Lease expirations are staggered through 2030 and 2031, offering durable income with reduced rollover risk. Additional billboard revenue further enhances the overall NOI and return profile.
Offered at a mid–6% cap rate, the property represents an attractive entry point relative to broader market sentiment indicating cap rates have largely stabilized, with many investors expecting yields to remain steady as debt markets continue to improve. This creates a compelling opportunity to acquire stabilized infill industrial cash flow with contractual rent growth in one of Tampa’s strongest industrial corridors.
Located within an Opportunity Zone with immediate access to I-75, I-4, US-301, SR-60, and the Port of Tampa distribution network, the property benefits from long-term demand drivers and limited infill supply.
Buyer’s broker representation, if any, shall be at buyer’s sole expense. Seller will not pay a cooperating broker fee.