SRS Distribution Inc. - Tampa FL
Listing was updated at: 08/15/2018
Property
Overview
| Price/Rent PSF | $ 2,995,000.00 |
| Asset Type | Industrial |
| Trade Type | Sale |
| SQ. FT. Available | 51,172 |
| Date Available | 03/01/2018 |
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Description
Strong National Tenant
Tenant is SRS Distribution, Inc., which is backed by Berkshire Partners, a leading national private investment firm. SRS Distribution operates over 211 locations in 41 states nationwide and has aggressive expansion plans. SRS operates under the trade name “Suncoast Roofers Supply” in Florida. For more info visit: www.srsdistribution.com
Long Tenant Commitment to Property
Tenant took occupancy in the building in 2001. They have signed multiple amendments extending the term and have made substantial improvements to the property since then.
Well-Positioned Property for Distribution
The property has immediate access to Interstate-275 to service the new construction communities of Wiregrass, Wesley Chapel and Northeast Pasco County as well as existing rooftops in the Greater Tampa area to the South. The tenant serves other communities in the Tampa Bay area through the I-4 (east-west) and I-75 (north-south) corridors.
Triple Net Lease
This is a true triple net lease in which tenant is responsible for all expenses, including the roof and structure.
Ample Outdoor Storage
The property includes a vast amount of paved outside storage (approximately 67,500 additional sf) which the tenant uses to its full capacity. The tenant expanded their outdoor storage footprint with the most recent extension.
Offered Below Replacement Cost
This is a rare opportunity to acquire a stabilized industrial
Location