8th Ave, St Petersburg, FL 33701
Fully occupied industrial property in a rapidly expanding St. Petersburg market.
- Added:
- Aug 27, 2024
- Days on Market:
- 681
- Last Refresh:
- Jun 29 at 1:36 am
Property Features for 8th Ave
General Information
- Standard status
- Active
- Size
- 24,000 SF
- Lot size
- 1.07 Acres
- Property subtype
- Industrial
Listing office CBRE - Palm Beach County
Listing date Aug 27, 2024
Source Crexi
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 CBRE - Palm Beach County
HighLights
- 100% Occupancy Rate
- Located in rapidly expanding St. Petersburg market
- Potential for rental rate increases to market rate
- Well‑established industrial asset
- Convenient location: 5 miles west of Downtown St. Pete and 5 miles east of St. Pete Beach
- Eight standard industrial units ranging from 3,000 to 6,000 square feet
Overview
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $354.2k | $14.76 |
| − Vacancy | −$20.2k | −$0.84 |
| EGI | $334.0k | $13.92 |
| − OpEx | −$116.9k | −$4.87 |
| NOI | $217.1k | $9.05 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Vēgarosa Food Truck — 200 2nd Ave S #476, St. Petersburg, FL 33701
- Catering St Pete — 259 Central Ave, St. Petersburg, FL 33701
- Twin Palms Catering By Marisa — 550 1st Ave S, St. Petersburg, FL 33701
Map
- City
- St Petersburg
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7871065
- Latitude
- 27.9096357