Property profile

8Th Ave St Petersburg, FL 33701

FOR SALE
Flex space
Property ID
US18-6338521
24,000 SF
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Property summary

AI-generated overview

CBRE is proud to offer St. Pete Industrial, situated in Saint Petersburg, FL. This property encompasses eight standard industrial units ranging from 3,000 to 6,000 square feet. Constructed in 1979, the facility spans 24,000 rentable square feet and features an occupancy rate of 100 percent. Nestled on 1.07 acres, St. Pete Industrial caters toward the industrial and professional users of the market, which has a population of 113,811 residents in a 3-mile radius. Conveniently located at 4049–4123 S 8th Avenue, this facility resides in the rapidly expanding St. Petersburg market, approximately five miles west of Downtown St. Pete, and only five miles east of St. Pete Beach. This presents a remarkable opportunity for investors to acquire a well-established Industrial asset with the potential for further growth through continued rental rate increases which are more representative of the market rate.

Property profile

Verified
Property type Flex space
Total area 24,000 SF
UPID US18-6338521

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8Th Ave St Petersburg, FL 33701
St Petersburg metro
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Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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