Small-Bay Industrial
For Sale
Contact for pricing
722 17th Street East, Palmetto, FL 34221
Two-campus, multi-tenant industrial portfolio with grade-level drive-in loading and individually metered suites.
Property Size161,570 SF
Lot Size13.25 Acres
Days on Market50
Property Features for 722 17th Street East
General Information
Standard status
Active
Size
161,570 SF
Total Parking Spaces
419
Lot size
13.25 Acres
Property subtype
Industrial
Occupancy
92%
Lease Type
Net
Investment Type
Stabilized
Net Operating Income
$1,841,532
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
114
Building Details
Year Built
1972
Buildings
31
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Fort Lauderdale
(954) 245-3465
Listed By:
Douglas Mandel · License #FL SL3090637
Source:
Crexi
Added: Jul 13
Changed: Aug 23
Last Checked: Aug 28 at 5:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Fort Lauderdale
Investment Insights
Based on property information with market context.
Institutional Property Advisors (IPA) presents a two-property small-bay industrial portfolio featuring multiple buildings and independently metered suites. The Palmetto asset at 722 17th Street East includes 13 buildings and 46 units totaling 100,020 rentable square feet on a single 8.43-acre parcel, built between 1986 and 2000. That campus offers 88 drive-in loading bays, 14-foot warehouse clear heights, and 279 parking spaces. The Bradenton asset at 6130 and 6152 15th Street East includes 18 buildings and 31 units totaling 61,550 rentable square feet across two contiguous parcels totaling 4.82 acres, built between 1972 and 1981, with 26 drive-in loading bays, 14-foot clear heights, and 140 parking spaces.
Suite sizes range from approximately 400 to 9,000 square feet, averaging around 2,000 square feet, and the properties include overhead doors for grade-level loading throughout. Approximately 68% of suites contain bathrooms, while the remainder are serviced by multiple common bathrooms in each property, and each suite has independent climate control.
The portfolio is described as 92.5% occupied across 77 units, with an in-place net operating income of $1,842,000 and a Year 4 proforma NOI of $2,680,000. The in-place lease roll reflects a weighted average lease term of one year and eight months.
Suite sizes range from approximately 400 to 9,000 square feet, averaging around 2,000 square feet, and the properties include overhead doors for grade-level loading throughout. Approximately 68% of suites contain bathrooms, while the remainder are serviced by multiple common bathrooms in each property, and each suite has independent climate control.
The portfolio is described as 92.5% occupied across 77 units, with an in-place net operating income of $1,842,000 and a Year 4 proforma NOI of $2,680,000. The in-place lease roll reflects a weighted average lease term of one year and eight months.
Key Highlights
- Two‑campus, 161,570 SF multi‑tenant industrial portfolio with 92.5% occupancy across 77 units
- In‑place net operating income of $1,842,000 with a Year 4 proforma NOI of $2,680,000
- Palmetto (722 17th St E): 13 buildings/46 units totaling 100,020 RSF on 8.43 acres; built 1986–2000
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
114
Drive-in doors
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34221, FL
48,082
Population
24,812
Households
1.9
Avg Household Size
45
Median Age
28%
College-Educated
91%
High-School Grad
53.9 sq mi
ZIP Area
892
Density / Sq Mi
$74,314
Median Household Income
$40,072
Median Earnings
$1,459
Median Rent
$298,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Two-campus, multi-tenant industrial portfolio with grade-level drive-in loading and individually metered suites.
Where is this flex space located?
The property is located at 722 17th Street East Palmetto, FL.
What are key features of this property?
This property features: Two‑campus, 161,570 SF multi‑tenant industrial portfolio with 92.5% occupancy across 77 units; In‑place net operating income of $1,842,000 with a Year 4 proforma NOI of $2,680,000; Palmetto (722 17th St E): 13 buildings/46 units totaling 100,020 RSF on 8.43 acres; built 1986–2000
