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
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.
Kari L. Grimaldi/ [email protected]
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
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.
Kari L. Grimaldi/ [email protected]
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."
16228 FLIGHT PATH DR.Brooksville, FL 34604
EXECUTIVE SUMMARY PRESENTED BY FRANK GRIMALDI, SR.
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.
Kari L. Grimaldi/ [email protected]
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.
16228 FLIGHT PATH DR.Brooksville, FL 34604
PROPERTY DETAILS & HIGHLIGHTS
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.
Kari L. Grimaldi/ [email protected]
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
16228 FLIGHT PATH DR.Brooksville, FL 34604
COMPLETE HIGHLIGHTS
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.
Kari L. Grimaldi/ [email protected]
16228 FLIGHT PATH DR.Brooksville, FL 34604
LOCATION MAPS
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.
Kari L. Grimaldi/ [email protected]
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
16228 FLIGHT PATH DR.Brooksville, FL 34604
DEMOGRAPHICS REPORT
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.
Kari L. Grimaldi/ [email protected]
16228 FLIGHT PATH DR.Brooksville, FL 34604
AERIAL MAP
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.
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
16228 FLIGHT PATH DR.Brooksville, FL 34604
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
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.
Kari L. Grimaldi/ [email protected]