1540 12th St - Warehouse FOR SALE


Palmetto, FL 34221- Palmetto/Ellenton
$1,850,000 USD
203-751-1910
1540 12th St, Palmetto, FL for Sale
$1,850,000 USD
Warehouse - FOR SALE
1/5
null | 7.45% Cap Rate

1540 12th St
Palmetto, FL 34221
Palmetto/Ellenton


HIGHLIGHTS

  • Food Service Infrastructure
  • Stable Long-Term Investment
  • Absolute NNN
  • Limited Supply
  • Replaceable Rent
  • Strategic Location

OVERVIEW

Property Highlights - Food Service Infrastructure - Purpose-built for food production, the facility includes specialized food-grade infrastructure that is costly to replicate, supporting long-term tenancy and reducing re-tenanting risk. - Stable Long-Term Investment: The current tenant is backed by a large private equity group and has operated at this location since 2013, demonstrating a proven track record and strong commitment to the site. - Absolute NNN: This opportunity offers true hands-off cash flow, with the tenant responsible for all property-related expenses, including roof and structure, taxes, insurance, utilities, and general maintenance. - Limited Supply: There is a notable shortage of warehouse developments under 25,000 SF, particularly for assets with similar characteristics, positioning the property favorably within the market. - Replaceable Rent: Based on recent lease comparables, the current rent of $13.09/SF (Effective June 1st, 2026) is very achievable. Limited supply and strong demand from private users continue to support leasing for assets of this size. - Strategic Location – Centrally located in the Palmetto industrial corridor, this property offers strong accessibility. Positioned just off US-301 (23,000 AADT), it provides direct access to major state roads and highways throughout the submarket, ensuring efficient transportation and logistics connectivity. ± 0.3 miles from US-301 ± 3 miles from I-75 ± 23 miles from Downtown St. Petersburg ± 15 miles from Downtown Sarasota ± 44 miles from Downtown Tampa ± 13 miles from Sarasota Bradenton International Airport Broker of Record Kyle Matthews License # CQ1066435 (FL) Matthews Real Estate Investment Services, Inc 1600 West End Ave., Ste. 1500, Nashville, TN 37203 (866) 889-0550

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$176 USD /SF

CAP RATE

7.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute NNN - St Armands Baking Co.

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

UTILITIES

Lighting, Water - County, Sewer - County, Heating

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.1

LAND SF

47,916

ZONING

CHI

APN/PARCEL ID

25823-0005-9

ASK ABOUT THIS PROPERTY

Dylan BatlleMatthews Real Estate Investment ServicesMore Info
203-751-1910

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Dylan BatlleMatthews Real Estate Investment ServicesMore Info
203-751-1910

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.