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6900 Adamo Drive OFFERING SUMMARY

6900 Adamo Drive - images4.loopnet.com · Regional Map 6900 Adamo is located in the heart of the East Tampa Industrial submarket. Traffic counts show that 39,500* cars pass along

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6900 Adamo DriveOFFERING SUMMARY

Fortress Commerical Real Estate is pleased to offer the 6900 Adamo Drive, net-leased investment opportunity located in East Tampa, Hillsborough County Florida. The property consists of a 50,000 square foot warehouse currently occupied by Beltram, a well-known restaurant equipment supplier to the Tampa Bay Area. The building is 100% leased to Beltram with four years remaining, providing an investor with a stable income opportunity with a well-established tenant.

The property improvements consist of a 50,000 SF industrial building on 3 acres. The building is 100% net leased to a single Tenant, Beltram Foodservice Group with 4 years remaining on the lease. Beltram is an established and experienced Tenant who has occupied the property since 2010. The Tenant is currently paying a below market rent, offering a value-add opportunity for an investor.

6900 Adamo Drive is located in the core of the East Tampa Industrial submarket. The property is one of the few true, heavy industrial buildings with frontage on Adamo drive. The Selmon Expressway, US Highways 41 & 301, Interstates 4, 275, and 75 are all a short distance from the property. This is an opportunity to acquire a core asset on Tampa’s major industrial artery in East

Tampa, one of the top industrial markets in the country and Tampa Bay’s primary distribution market on the western bookend of the I-4 corridor.

Investment Highlights

PROPERTY SUMMARY

Location: 6900 E. Adamo DriveTampa, FL 33619

Land Area: 3.1 Acres

Size: 50,000 SF

Year Built: 1966

The seller has retained Fortress Commercial Real Estate as the exclusive agent for the sale of 6900 Adamo Drive.

An asking price has not been established but the seller has expectations of achieving the market value that a premium industrial asset commands in today’s market.

6900 Adamo Drive

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Investment Highlights

Value-Add Opportunity: Significant upside potential through re-marketing the property at a higher rate upon lease expiration of the existing tenant. Strong History: Beltram is a 45 year old restaurant equipment dealer who also provides consulting, kitchen design, and in-house millwork fabrication to their national clients. The Beltram Foodservice Group has been servicing the Florida food service industry for decades. From a single location in Tampa, they grew to five locations working synergistically to complement and enhance each other’s capabilities.

Central Location: The Property is located in the heart of East Tampa’s industrial sub-market and directly on Adamo Drive / State Road 60, the main artery that runs west to east connecting downtown Tampa to our metropolis’ population base in Brandon and Riverview. Less than 3 miles from Interstate-4, less than 3 miles from Intertate-75, and less than 2 miles from the Selmon Expressway, it provides quick access for distribution to all local Florida growth areas and expanding communities.

Ample Outside Storage & Parking: With over 3 acres of land on State Road 60, the Property boasts incredible opportunities.

Development Highlights: With over 3,000,000 square feet of industrial development planned in East Hillsborough County, this Property provides an opportunity to own in a tight sub-market with limited vacant land available, providing barriers to entry and upside potential for rental growth.

INVESTMENT AT A GLANCE

• 50,000 SF Industrial on 3.1 Acres

• Single Tenant, 100% Leased - Triple Net

• 4 Years Remaining on Lease

• Below Market Rents / Below Replacement Cost

• Established and Experienced Occupier

Regional Map

6900 Adamo is located in the heart of the East Tampa Industrial submarket. Traffic counts show that 39,500* cars pass along this section of State Road 60 / Adamo Drive every day. 6900 Adamo is 1.2 miles from the Selmon Expressway and provides quick access to all other major area highways:

TampaSt. Pete

Orlando

Jacksonville

Miami

2 mi.

3.6 mi.

1.5 mi.

301 2.5 mi.

5.4 mi.

*2016 AADT

6900 Adamo Drive

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Site Aerial

Adamo Drive

CSX

SITE OVERVIEW

• Adamo Drive Investment Opportunity

• Core East Tampa Market Location

• Proximity to all Major Roadways and Highways

• Adamo Frontage - True Industrial

• 5 Miles to Port of Tampa

• 13 Miles to Tampa International Airport

Property Description

SITE SUMMARY

Zoning: Industrial-Heavy Loading: 6 dock high doors; 3 oversized ramps; 1 drive-in door

Parcel ID: 159671-0000 Two (2) Overhead Cranes: 4,000 & 10,000 lbs. capacity

Tax-Assessed Value $2,234,400 Electric Capacity: 3-phase, 1,000 amps

Land Area: 3.1 Acres Lighting: metal halide, fluorescents & LED

Year Built: 1966 Three (3) HVAC Units: installed 2012, 2014, & 2015

Construction: Concrete Block Fire Safety: wet sprinklers

Building Depth: 160’ - 200’ Roof: no leaks, minor repairs

Column Spacing: 40’ x 40’ Flood Zone: X

6900 Adamo Drive

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Ad

am

o D

rive

Selmon Expressway

Downtown Tampa

CSX

Port Tampa Bay

Aerial View West

© 2018 Fortress Commercial Real Estate, LLC

Fortress Commercial Real Estate LLCLicensed Real Estate Broker500 E. Kennedy Blvd., Office 312Tampa, FL 33602

For more information, please contact:

KOSTAS STOILAS

OME

+1 813 444 3330+1 239 822 7816 [email protected]

www.fortress-cre.com