Laser Focus Workshops - Pinellas Park, F 2 biens | Industriel/Logistique | À vendre | 5 410 658 € | Localisations multiples

An exceptional opportunity to acquire a 2-asset industrial portfolio totaling 39,360 SF across 92 physical units in the premier Mid-Pinellas industrial submarket. Strategically positioned at 4810 110th Ave N. & 6270 118th Ave N within the City of Pinellas Park, both properties feature highly flexible M-1 (Light Industrial) zoning. The portfolio is currently home to approximately 63 active tenants, featuring built-in operational flexibility where multiple units have been successfully combined to accommodate larger tenant footprints and scaling businesses.
Offered at $6,200,000 ($157.52 / SF), the portfolio delivers an immediate Net Operating Income (NOI) of $405,321 at a strong 6.51% Cap Rate. This high-yielding investment boasts an elite, near-100% occupancy track record with virtually zero historical vacancy issues. The M-1 zoning allows for a wide variety of compatible light manufacturing, warehousing, wholesaling, and contractor services, perfectly matching the demand of local service providers facing a severe regional shortage of functional workshop and storage space.