16228 FLIGHT PATH DR. - LoopNet...PRESENTED BY FRANK GRIMALDI, SR. - (813) 245-1124 Grimaldi...

PRESENTED BY FRANK GRIMALDI, SR. - (813) 245-1124

Grimaldi Commercial Realty Corp • 115 W Bearss Ave • Tampa, FL 33613 • 813.882.0884grimaldicommercialrealty.com

Brooksville, FL 34604

16228 FLIGHT PATH DR.

Kari L. Grimaldi/ [email protected]

INDUSTRIAL PROPERTY FOR SALE

https://www.grimaldicommercialrealty.com/index.php

The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Grimaldi Commercial Realty Corp. has not verified, and will not verify, any ofthe information contained herein, nor has Grimaldi Commercial Realty Corp. conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding

the accuracy or completeness of the information provided. All potential buyers and tenants must take appropriate measures to verify all of the information set forth herein.


PROPERTY OVERVIEW

Industrial property conveniently located on 4.19 acres in theHernando County Airport Industrial Park, a 155 acre industrial park inan unincorporated area of Hernando County in Brooksville, FL. It'slocation has Hernando Beach to the west, the City of Brooksville to theeast, and Spring Hill to the immediate south. Tampa is located to thesouth via the Suncoast Parkway (35 m to the downtown area), USHighway 41, and Interstate 41. One mile to the Suncoast Parkway, oneof the area's primary north-south thoroughfares.

There are approximately 150 businesses operating from the park.Notable tenants include Fed Ex, Pro Mation Engineering, InterconnectCable and Technology Corporation, Dynamic Pharmaceuticals, VCTechnologies, Micromatic USA and Lifeline Medical. Healthcare andrecreational amenities in the area is quite abundant and continues togrow.

There is a ground lease with the Hernando County Airport at a lowrate of 11 cents per SF.

Two additional properties offered for sale in this park:

16162 Flight Path Drive: 29,260 SF Warehouse/Office

2381 Circuit Way: 12,500 SF Warehouse/Office

LOCATION OVERVIEW

Industrial property conveniently located on 4.19 acres in theHernando County Airport Industrial Park, a 155 acre industrialpark in an unincorporated area of Hernando County inBrooksville, FL. It's location has Hernando Beach to the west, theCity of Brooksville to the east, and Spring Hill to the immediatesouth. Tampa is located to the south via the Suncoast Parkway(35 m to the downtown area), US Highway 41, and Interstate 41.One mile to the Suncoast Parkway, one of the area's primarynorth-south thoroughfares.

16228 FLIGHT PATH DR.Brooksville, FL 34604

PROPERTY DESCRIPTION




OFFERING SUMMARY

Sale Price: $3,750,000

Cap Rate: 0.0%

NOI: $0

Available SF: 65,270 SF

Lot Size: 4.19 Acres

Year Built: 1986

Building Size: 65,270 SF

Renovated: 1993

Zoning: Industrial

Price / SF: $57.45

PROPERTY OVERVIEWThe property is a light industrial building of masonry-steel frame construction,with 65,270 flexible sf which includes 11,100 sf of fully climate-controlled officespace and warehouse/distribution space. Ceiling heights are 15.5' (low side)to23.7' middle (high point) in the main building; and 15.4' low side to 16.8' middle(high point) in the materials area of main building; and there are 4 dock-highdoors and one drive-up ramp. There are numerous executive offices,conference rooms and break areas. Property has 4' chain link fence. TheTampa-St. Petersburg-Clearwater MSA is consistently rated among the nationsmost popular emerging business destinations and a major factor in thesoutheast United States' expansion over the last two decades. In 2014, KPMGdeclared Tampa to be the sixth most economical city to do business in thecountry and Expansion Management dubbed Tampa the 9th best American cityfor business relocation. The region also ranked 12th in the Milken Institute's"Best Performing Cities: where Americas jobs are created and sustained."


EXECUTIVE SUMMARY PRESENTED BY FRANK GRIMALDI, SR.




SALE HIGHLIGHTS• Fully climate controlled facility.

• Numerous executive offices, conference roomsand break areas.

• Production area features painted cement floors,15.4' low side to 16.8' middle (high point) ceilingheight with drop ceilings, four dock high doorsand one drive-up ramp.

• CONTACT FRANK GRIMALDI, SR. FOR MOREINFORMATION

Property Address: 16228 Flight Path Dr., Brooksville, FL

34604

Property Type: Industrial

APN: R13-223-18-2393-0000-0250

Lot Size: 4.19 AC

Building Size: 65,270 SF

Zoning: Industrial

Rail Access: N/A

Year Built: 1986

Number of Stories: 1

PROPERTY OVERVIEWConveniently located on 4.19 acres in the Hernando CountyAirport Industrial Park, a 155 acre industrial park in anunincorporated area of Hernando County in Brooksville, FL. It'slocation has Hernando Beach to the west, the City of Brooksvilleto the east, and Spring Hill to the immediate south. Tampa islocated to the south via the Suncoast Parkway (35 m to thedowntown area), US Highway 41, and Interstate 41. One mile tothe Suncoast Parkway, one of the area's primary north-souththoroughfares.

There are approximately 150 businesses operating from thepark. Notable tenants include Fed Ex, Pro Mation Engineering,Interconnect Cable and Technology Corporation, DynamicPharmaceuticals, VC Technologies, Micromatic USA and LifelineMedical. Healthcare and recreational amenities in the area isquite abundant and continues to grow.

There is a ground lease with the Hernando County Airport at alow rate of 11 cents per SF.

Two additional properties offered for sale in this park:

16162 Flight Path Drive: 29,260 SF Warehouse/Office

2381 Circuit Way: 12,500 SF Warehouse/Office

LOCATION OVERVIEWIndustrial property conveniently located on 4.19 acres in theHernando County Airport Industrial Park, a 155 acre industrialpark in an unincorporated area of Hernando County inBrooksville, FL. It's location has Hernando Beach to the west, theCity of Brooksville to the east, and Spring Hill to the immediatesouth. Tampa is located to the south via the Suncoast Parkway(35 m to the downtown area), US Highway 41, and Interstate 41.One mile to the Suncoast Parkway, one of the area's primarynorth-south thoroughfares.


PROPERTY DETAILS & HIGHLIGHTS




SALE HIGHLIGHTS

• Fully climate controlled facility.

• Numerous executive offices, conference

rooms and break areas.

• Production area features painted cement

floors, 15.4' low side to 16.8' middle (high

point) ceiling height with drop ceilings, four

dock high doors and one drive-up ramp.

• CONTACT FRANK GRIMALDI, SR. FOR MORE

INFORMATION


COMPLETE HIGHLIGHTS





LOCATION MAPS




1 MILE 5 MILES 10 MILES

Total population 1,425 47,587 156,929

Median age 36.3 43.1 46.3

Median age (male) 37.0 42.7 45.0

Median age (female) 34.6 43.7 47.6

1 MILE 5 MILES 10 MILES

Total households 419 18,005 63,647

Total persons per HH 3.4 2.6 2.5

Average HH income $67,523 $61,861 $52,890

Average house value $187,376 $199,993 $179,291

* Demographic data derived from 2010 US Census


DEMOGRAPHICS REPORT





AERIAL MAP



PROFESSIONAL BIOGRAPHY

Frank Grimaldi, Sr. is the Founder and CEO of Grimaldi Commercial Realty Corp.and a pillar of the Tampa Bay Community. He started Grimaldi CommercialRealty Corp. in 1975. With over 40 years as a commercial Broker, he hasexperience in every aspect of commercial real estate including specializing in:

• Creative Seller Financing• Sales & Leasing• Asset Management• Multi Million Dollar Transactions• Land & Community Development• Value Analysis• Economic/Urban Development• Retail• Office• Industrial• Multi-family

Being in the Tampa Bay market market for over 40 years, Frank has a vastnetwork of contacts allowing him access to clients purchasing a variety range ofcommercial property types and price points. His experience has allowed him tosuccessfully weather numerous turbulent economies and community changes.Frank takes a hands-on approach to all projects. His philosophy has kept thecompany successfully growing and has empowered him to be one of the mosttrusted names in the Tampa Bay Commercial Real Estate market.

FRANK GRIMALDI, SR.

Founder/CEO

FOUNDER/CEO


COMPANY BIO

Contact your Sales & Leasing Staff at Grimaldi Commercial Realty Corp.

GRIMALDI COMMERCIAL REALTY CORP.COMPANY BACKGROUND AND SERVICES

EST. 1975, EXPERIENCE IS THE DIFFERENCEGrimaldi Commercial Realty Corp. has been serving the Tampa Bay and surrounding areas in Florida since 1975. Our vastexperience and unparalleled knowledge and presence in the local market makes us the professional of choice in commercial realestate and investment properties. We have the Commercial and Investment markets totally unmatched with a team of experiencedagents that specialize in all sectors of the commercial market:

We utilize the latest in technology being affiliated with over 40+ local, national, and international commercial marketing sites to aggressively market andmove our listings to closing quickly.

Grimaldi Commercial Realty Corp. performs a careful assessment of each client’s needs before creating the perfect andspecialized marketing plan for each property. Our philosophy of continuing hands-on involvement throughout the entire processhas led to continued success and growth since 1975. One of Tampa Bay’s premier and acknowledged commercial real estateexperts, Grimaldi Commercial Realty Corp. provides a personalized and professional service approach with a history of long-termclient relationships.

• Seller & Buyer Representation• Landlord & Tenant Representation• Investment & Financial Analysis• Property Valuation• Short sales & Foreclosures

• Property Management• Multifamily and Income Producing Investments• Land Sales & Development• Retail and Office Sales & Leasing• Industrial Sales & Leasing




16228 FLIGHT PATH DR. - LoopNet...PRESENTED BY FRANK GRIMALDI, SR. - (813) 245-1124 Grimaldi...

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