5205 East Adamo Drive, Tampa, FL 33619 - Hillsborough County

PROPERTY DESCRIPTION - Tampa Tank is a prime 14.5-acre heavy industrial site situated in the bustling heart of Tampa. With approximately 1,185 feet of prime frontage on Adamo Drive, this property boasts exceptional visibility and accessibility. The site is mostly cleared, featuring a spacious outdoor storage yard and approximately 118,759 square feet of versatile metal open-air buildings. The property offers 3-phase power and a 500 KW solar array on the roof. All cranes and machinery belong to the tenant as does the solar array. An active rail line runs through the property, providing seamless material delivery to and from the Port of Tampa. With its liberal zoning, this site offers endless possibilities for either an end-user or redevelopment for a variety of uses, making it a highly attractive investment opportunity.

LOCATION DESCRIPTION - The property is ideally located at 5205 E. Adamo Drive in Tampa, FL, on the south side of the road, just east of 50th Street. It borders the Selmon Expressway, offering convenient access to both I-75 and downtown Tampa. This prime location ensures excellent connectivity and accessibility for various business needs.

LEASE DETAILS - Precision Tank has a lease on the property that expires on May 12, 2026. Tenant is paying $498,104 NN annually with 2% annual rent increases plus CPI. The tenant has 2 remaining 5 year lease options and must notify landlord at least 90 days in advance, should they wish to exercise such extension. Each extension will be tied to Fair Market Value as defined in the lease.

PROPERTY SIZE - 14.49 Acres

ZONING - The property is located within the city of Tampa and is currently zoned IH (industrial heavy) with a future land use of HI (heavy industrial).

HILLSBOROUGH COUNTY PARCEL ID - 160872-0000

OFFERING TERMS - All offers shall be submitted via email by 5pm ET on October 22nd, 2024.