Quantum Listing

Agent Account

Company: Redstone Commercial

Will serves as Vice President of Redstone Commercial. In this capacity, Will adds value to his clients by providing valuable brokerage services that include investment sales, leasing services, and asset management. By operating with trust and transparency, Will’s technique helps commercial real estate investors create, grow, and protect their wealth (invested capital). Over the years, Will has developed a strong personal network that allows him to put the best team in place to get a deal done. Prior to joining Redstone, Will worked as an Investment Associate with Marcus & Millichap’s National Retail Group where he successfully brokered multiple retail properties. He has a firm understanding of financial modeling and capital markets and assisted in the underwriting of over $200M worth of commercial real estate assets. Will was also responsible for coordinating targeted marketing campaigns and leading business development efforts. Before graduating from Florida State University, Will obtained his real estate license and worked with student housing developers on some of the largest living communities near campus. Will is dedicated to finding creative solutions to any potential obstacles and taking an advisory approach by establishing long term relationships. In his free time Will enjoys golfing, traveling, and spending time with friends and family. EDUCATION Florida State University PROFESSIONAL AFFILIATIONS International Council of Shopping Centers (ICSC) International Council of Shopping Centers, Next Generation Planning Committee National Association for Industrial and Office Parks (NAIOP) Real Estate Investment Council (REIC)

Membership expired on 09/30/2018

SRS Distribution Inc. - Tampa FL

Commercial real estate listings in Tampa , FL, US

113 Views

Listing was updated on: 04/23/2020

Price: 2995000.00

14212 N Nebraska Ave, Tampa, FL 33613, USA

Industrial for Sale

51172.00 sqft

from March 01, 2018

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