Tampa MSA Mixed-Use Development Opportunity

Highlights:

• 858 Unit ($28k/door) Multifamily or Mixed Use Development Allowed By Right With Live Local Act, And Simple Modication of Permit
• Flexible Seller Willing to Close After Modication of Permits, If Necessary
• Quick Timeline to Construction
• The Epicenter of 2,600+ Acres of Large Residential Development Planning For 6,400 Residential Units, Projected to Increase Population By Over 16,000 People Within Next 5 Years
• Permit Approved For 249,500 SF of Retail With 1,066 Parking Spaces (4.3 Parking Ratio), Plus Residential, Commercial and Retail Outlots
• High Growth Submarket That Outperforms Tampa MSA
• Retail Market Rents of $23.60/SF Triple Net (NNN) With Vacancy of 1.3% And 8.7% 2022 Rent Growth in This Submarket, With No Large Retail Development Planned In The Area
• Multi-Family Market Rents of $1,524/Unit With Vacancy of 6.5% And 5.3% 2022 Rent Growth in This Submarket
• Oce Market Rents of $33.36/SF Gross With Vacancy of 7.6% And 4.1% 2022 Rent Growth In This Submarket, With No New Oce Developments Planned In The Area
• Developer Friendly City With Favorable and Flexible Planned Development (PD) Zoning
• School Development Planned Down The Street At Knights Grin and Charlie Taylor
• Less Than 3 Miles to BayCare's New $326M South Florida Baptist Health Plant City Hospital With 420,000 SF, 146 Private Hospital Rooms, 26 ICU Beds, 30 Emergency Room Beds and 8 Bed Surgery Center, Employing 800 Workers and 250 Physicians
• 100% Dry - Located at Highest Point in Plant City, 136 Feet Above Sea Level

Description:

Sands Investment Group is Pleased to Bring Out to the Market This Mixed-Use Development Opportunity in Tampa MSA Located at SWC of Charlie Taylor Road and Midway Road in Plant City, FL. The Property is Shovel Ready For 249,500 SF of Retail With Ability to Modify to 858 Unit Mixed Use Multifamily Project.

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