1404 Sydney Rd Plant City, FL 33566-7709

Property Details for 1404 Sydney Rd

Year built

1976

Construction

STEEL FRAME

Lot size

1.60 lot acres

Property size

10,415 SF

Zone code

PD

Property type

Showrooms

APN

P312822ZZZ000006052800

APU

P312822ZZZ000006052800

Description

This exceptional investment opportunity presents a 10,500-square-foot single-tenant warehouse situated on a 1.6-acre lot in Plant City, Florida. The property boasts 8,500 square feet of warehouse space and an additional 1,700 square feet of air-conditioned office space. The warehouse features 2 dock-high roll-up doors and 1 ramp roll-up door, along with an 18-foot ceiling height. Exterior features include a fully fenced rear area and 15 parking spaces. Significant improvements have been made within the last decade, including a roof replacement in 2013 and parking lot resurfacing and HVAC upgrades in 2018. The property is currently under a short-term net lease with approximately 3 years remaining, featuring annual rent increases of 3-7% based on market rates. This strategically located asset is within a thriving industrial corridor, just 2.5 miles from Interstate-4 and 1.5 miles from US-92, benefiting from Plant City's robust industrial market, which accounts for 60% of Tampa's absorption rate. The surrounding area boasts a population exceeding 75,900 within a 5-mile radius, projected to grow further by 2027, showcasing a 31% population increase since 2000. The asking price is $1,495,000, representing a 4.44% cap rate. This presents a compelling opportunity for investors seeking strong returns in a high-growth market.

Location Insight

City

Plant City

County

Hillsborough

State

Florida

Longitude

-82.1468

Latitude

28.0035

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments