2127 Grand Blvd - Light Distribution FOR SALE


Holiday, FL 34690- Northeast Holiday
$2,700,000 USD
727-349-1881
2127 Grand Blvd, Holiday, FL for Sale
$2,700,000 USD
Light Distribution - FOR SALE
1/23
null | 8.72% Cap Rate

2127 Grand Blvd
Holiday, FL 34690
Northeast Holiday


HIGHLIGHTS

  • Two in-place tenants with strong renewal interest, providing stable cash flow, plus a 7,040-SF vacant rentable office space available for lease-up.
  • 2127 Grand Boulevard offers seamless access and ample on-site parking, with significant outdoor storage potential for fleet vehicles or equipment.
  • Recent capital improvements enable a seamless transition of ownership across the property's prime 4.77 acres, zoned C-2.
  • Highly visible property passed by 15,000 daily drivers, expanding brand recognition for tenants and business presence in the Holiday area.
  • Located in the growing area of Pasco County, with forecasts predicting rapid annual growth of 20% between 2024 and 2029.

OVERVIEW

Explore an excellent investment opportunity featuring two quality tenants at 2127 Grand Boulevard in Holiday, Florida. Occupying 8,882 square feet and with approximately three years remaining on the lease, the State of Florida, Department of Child Support Services, has expressed interest in extending the lease for 10 or more years. The current owner occupies 6,880 square feet and is open to remaining in place or vacating, depending on the buyer's needs. Additionally, 7,040 square feet of vacant office space is available for lease. Additionally, the property also includes a 1,512-square-foot single-family home, currently occupied, which can provide additional rental income. Recent improvements include a new roof completed in 2023, exterior paint completed in 2023, and updated carpet and interior paint within the State's office suite. The total current gross income is $261,197 annually, with potential to increase through the lease-up of the vacant office space and residential unit. Potential net operating income (NOI) is $235,511, showcasing the investment's vitality. Situated on a large 4.77-acre C-2 zoned lot, the property offers approximately 133 parking spaces and excellent potential for outside storage or expanded commercial use. Ideal for various users, including medical offices, professional services, and service-based businesses such as electricians, plumbers, and HVAC contractors, especially those that need ample parking or flexible office space. Along Grand Boulevard, the property benefits from exposure to roughly 15,000 vehicles per day (VPD), and is positioned minutes from US Highway 19 and approximately 45 minutes from Tampa International Airport (TPA) and St. Pete-Clearwater International Airport (PIE).

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$118 USD /SF

CAP RATE

8.72%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

Warehouse, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

117

LAND DETAILS

LAND ACRES

4.77

LAND SF

207,781

ZONING

C-2

APN/PARCEL ID

29-26-16-0010-06000-0050,29-26-16-0010-06000-0060

ASK ABOUT THIS PROPERTY

Ozlem AnilCompass Tampa BayMore Info
727-349-1881

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Ozlem AnilCompass Tampa BayMore Info
727-349-1881

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