Stable Long-Term Investment: The in-place tenant, Clean Restroom Rentals, was recently acquired by United Rentals, a nationally recognized industry leader. The acquisition underscores United Rentals’ long-term commitment to the portable sanitation platform and enhances the asset’s credit profile.
Replaceable Rent: The property is leased at $8,446/AC/MO, below prevailing market rents for comparable single-tenant sites with excess land. Hillsborough County continues to experience strong demand for Industrial Outdoor Storage (IOS) sites, with market rents reaching as high as ±$12,000/AC/MO.
Credit Tenant: United Rentals is an institutional-grade tenant as the world’s largest equipment rental company with extensive national and international operations. Its diversified customer base and scale support durable cash flows and strong creditworthiness.
Low Coverage: In addition to the existing warehouse, the property features a significant surplus of land, creating unique optionality for investors. The excess acreage can support building expansion, industrial outdoor storage (IOS), or future redevelopment — a rare offering in a submarket where sites of this scale and flexibility are increasingly limited.
Strategic Location: Centrally positioned within East Tampa’s core industrial corridor, the property offers exceptional access and connectivity. Located just off US-41 (17,500 AADT) and FL-618 (45,000 AADT), the site provides efficient access to major highways and regional logistics routes.