Industrial Sale Leaseback

5615 E Powhatan Avenue, Tampa, FL
Current Rent:
$755,000
Lease Type:
Triple Net
Lease Term:
10 years
Landlord Responsibilities:
None
Renewal Options:
4, 5-Year Options at FMV
Building Sq. Ft.:
88,680 SF
Rent Increases:
2% Annual Increases
Site Size:
3.73 Acres
  • industrial sale leaseback stream capital partners
  • industrial sale leaseback stream capital partners
  • industrial sale leaseback stream capital partners
  • industrial sale leaseback stream capital partners

Investment Highlights

  • Absolute triple net lease with 2% annual escalations and two, 5-year renewal options with FMV resets
  • Strong tenant financial profile with consistent revenue/Adj. EBITDA growth
  • Tenant has led the industry for 35+ years with a tailored approach of supply chain customization, superior lead times and ease of installation/use
  • Experienced management team with average industry experience of more than 25 years
  • Mission-critical facility in Tampa, FL, west of I-74 with direct access to I-4 and Tampa International Airport
  • Situated in an exceptionally strong industrial market with 3.7% vacancy rate and 14.4% annual rent growth
  • Operationally focused private equity sponsor with an extensive and highly successful track record of investing in manufacturing and distribution companies

Listing Agents

Krupa Shah

Managing Director
646 734 4188
Krupa@stream-cp.com

Jeff Lizzo

Senior Vice President
630 222 8409
Jeff@stream-cp.com
Daniel Macks STREAM Capital Partners

Daniel Macks

Vice President
847 420 2116
Dmacks@stream-cp.com

Jonathan Wolfe, FL Lic: #BK350717

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