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Investment Highlights

  • Offered at 6.5% CAP based on current net income
  • 2.51-acre site with excess land component
  • 2021 construction
  • 6-unit multi-tenant industrial configuration
  • Two IOS yard areas with flexible lease structures
  • Small-bay industrial + IOS product type with strong demand fundamentals

Executive Summary

Multi-Tenant Industrial + IOS Asset | Tampa, FL
A rare opportunity to acquire a recently constructed (2021) multi-tenant industrial asset combining in-place cash flow, outdoor storage income, and future expansion upside on a 2.51-acre site.
This is a true pure investment play with a strong income base today and clearly defined paths to increased yield.
The property consists of 6 small-bay industrial units complemented by two income-producing IOS yard areas, structured to maintain operational flexibility and optionality for future development or densification.
At a high level, the asset offers immediate income, mark-to-market potential, and covered land value in a supply-constrained submarket.
Highlights
~ Offered at 6.5% CAP based on current net income
~ 6-unit multi-tenant industrial configuration
~ 2.51-acre site with excess land component
~ Two IOS yard areas with flexible lease structures
~ Low capex profile (2021 construction)
~ Small-bay industrial + IOS product type with strong demand fundamentals
~ Designed to preserve future building expansion / density potential

Property Facts

Price $6,372,406 CAD
Price Per SF $480.72 CAD
Sale Type Investment or Owner User
Cap Rate 6.50%
Property Type Industrial
Property Subtype
Manufacturing
  • Flex Light Manufacturing
  • Showroom
  • FlexLight Distribution
Building Class B
Lot Size 2.54 AC
Rentable Building Area 13,256 SF
No. Stories 1
Year Built 2023
Parking Ratio 0.23/1,000 SF
Clear Ceiling Height 25’
No. Drive In / Grade-Level Doors 1
Zoning I-H - Heavy Industrial

Utilities

  • Lighting - Fluorescent
  • Gas
  • Water - County
  • Sewer - County
  • Heating - Electric

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Construction
  • -
  • $23.89 CAD
  • Modified Gross
  • Aug 2027

Anchor Mechanical provides comprehensive HVAC and plumbing solutions across multiple market segments. Established with a commitment to quality service, the company serves residential, commercial, and industrial clients. Their offerings include system installations, emergency repairs, and preventative maintenance. Anchor Mechanical emphasizes technical expertise and customer satisfaction in all projects. The company operates with a strong focus on integrity and community service throughout its service areas.

  • Trimac Outdoor
  • Services
  • -
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Construction - $23.89 CAD Modified Gross Aug 2027
Trimac Outdoor Services - - - -
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
A-14-29-19-9IJ-000000-00008.0
Land Assessment
$137 CAD
Improvements Assessment
$2,650,647 CAD
Total Assessment
$2,650,784 CAD
  • Listing ID: 40212004

  • Date on Market: 2026-04-20

  • Last Updated:

  • Address: 1512 McKay Bay Ct, Tampa, FL 33619

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