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9226 Denton Ave 29,160 SF 100% Leased Industrial Building Hudson, FL 34667 $3,764,173 CAD ($129.09 CAD/SF) 9.13% Cap Rate
Investment Highlights
- 20 Acres that Fronts Denton Ave, Less than a Mile from US-19
- Opportunity Zone
- Parcel No. (APN)24-24-16-0050-00D00-0110: Zoned C2 & Ag/Residential W/ Future Land Use Light Industrial
- Well Positioned for New Industrial, Boat/RV Storage, or Laydown Yard Space
- Parcel No. (APN) 24-24-16-0050-00D00-0120: Zoned I-1 W/ Future Land Use Light Industrial
Executive Summary
9226 Denton Ave and 9308 Denton Ave are two parcels that total just under 20 Acres of land in Hudson, Florida. The property fronts Denton Ave and is within minutes of US-19 – the major highway running through western Pasco County. The small bay warehouses on site have four tenants in place along with the Seller taking up approximately 40% of the leasable area. The Seller is currently liquidating their inventory and may need a leaseback; the buyer, should they opt to pursue the owner financing terms, may be exempt from principal or interest payments during the Seller’s move out period. The buyer would collect rent on the remaining tenants in place. During this time, the buyer would repurpose the eastern parcel into an income producing business operation: Boat & RV storage, Mobile Home Parks, Truck Parking, or Light Industrial. Over time, an investor could achieve a
favorable return after repositioning both parcels into the project they deem to be the highest and best use.
favorable return after repositioning both parcels into the project they deem to be the highest and best use.
Property Facts
| Price | $3,764,173 CAD | Lot Size | 19.62 AC |
| Price Per SF | $129.09 CAD | Rentable Building Area | 29,160 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 9.13% | Year Built | 1980 |
| Sale Condition | Sale Leaseback | Parking Ratio | 1.71/1,000 SF |
| Property Type | Industrial | No. Drive In / Grade-Level Doors | 9 |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | C-2;I2 - Multi-Use C2, Warehousing, Industrial 2 /Business Park, AR | ||
| Price | $3,764,173 CAD |
| Price Per SF | $129.09 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 9.13% |
| Sale Condition | Sale Leaseback |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 19.62 AC |
| Rentable Building Area | 29,160 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 1.71/1,000 SF |
| No. Drive In / Grade-Level Doors | 9 |
| Opportunity Zone |
Yes |
| Zoning | C-2;I2 - Multi-Use C2, Warehousing, Industrial 2 /Business Park, AR |
Amenities
- Air Conditioning
Utilities
- Lighting - Fluorescent
- Water - Well
- Sewer - Septic Field
- Heating - Electric
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Property Taxes
| Parcel Numbers | Improvements Assessment | $1,026,761 CAD | |
| Land Assessment | $554,052 CAD | Total Assessment | $1,814,599 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$554,052 CAD
Improvements Assessment
$1,026,761 CAD
Total Assessment
$1,814,599 CAD
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9226 Denton Ave
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