Skyway Industrial Park

Min. Investment$35,000

Target IRR16.7%-18.7%

Offered By

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Investor Types

Real Estate Crowdfunding, Non-Traded REIT

Min. Investment

$5,000

Property Types Available

Commercial, Multifamily

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Do you think Skyway Industrial Park is a good investment?

YES

A 97.6% occupied industrial, value-add investment opportunity in the Tampa/St. Petersburg MSA, one of the fastest-growing, low-vacancy industrial markets in Florida.

Terms

Min. Investment$35,000

Target IRR16.7%-18.7%

Target Return17 - 19%

Property TypeIndustrial

Target Hold Period4 years

Target Cash Yield6%

Target Raise$8,550,000

Close DateTBD

Benzinga's Take

The asset, built in 1989, is a 232,206 SF Class B industrial facility in a Class A MSA. The proximity to the I-275 corridor allows for efficient access to neighboring markets and connects the Central Florida I-4 corridor to the Tampa/St. Petersburg, FL MSA. The Property is currently 97.6% occupied and will be 98.6% when the Sponsor closes on the Property due to an LOI in hand on 2,594 SF of space for $14.00 PSF NNN.

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