St. Petersburg, FL — Barkett Realty is representing the property owner in a unique site sale or built-to-suit logistics center opportunity one tax lot north of the Tampa International Airport. The 6.54 acre site within a professional park located at 5402 & 5424 Hangar Court is available for $3,950,000 as the site that has gone through pre-app with Hillsborough County and can be developed as a build-to-suit 103,203 SF grade level last-mile logistics center.
The site is located within the County’s North Airport Targeted Redevelopment Program area. The Redevelopment Program provides a range of incentives, including large matching grants for the development of industrial properties. Both property owners and tenants can qualify for the program’s incentives, as it provides a variety of grants for both exterior and interior improvements. Additional incentives also include: expedited site development and construction plan review, permit and impact fee grants, access to an infrastructure assistance program, a contaminated site assessment and remediation program, as well as a catalyst project incentive program.
The surrounding area features Thompson Cigar, a corporate office and distribution warehouse, as well as, U.S. Government Offices and a commerce park. Neighboring developers and contractors are seizing the area as an opportunity to continue developing the region. A new facility is currently being constructed on the adjacent property to the west by The Sinclair Group, which will feature a 50,000 SF tilt-up dock-high building, built for a high-end print shop with two-levels of offices in addition to warehouse and production space.
“While in the past there weren’t too many incentives available for new construction, we have since provided more flexible benefits and incentives for these kinds of important projects, and could potentially offer assistance in areas like on-site utilities, permit fee waivers, and demolition. The Hangar Court property Barkett Realty represents is in the county’s North Airport Redevelopment Area, and the site’s accommodation of a large logistics site would be a great contribution to the development of the area.” – Jonah Katz, Senior Coordinator, Hillsborough County Economic Development
“In the current market, a built-to-suit opportunity such as the 6.54 acre site is extremely rare, especially in such a central location with so many available program development incentives,” said John Barkett of Barkett Realty. “We are eager to bring this development to the Tampa Bay area for the right end user(s). This is the perfect opportunity for the right company to build in the hottest market in the country for now as well as future growth.”
Businesses interested in purchasing this site or leasing the future facility can contact John Barkett at john@barkettrealty, for more information. The listing can also be viewed at https://realnex.com/listings/766412/654-ac-prime-lot-will-build-to-suit.
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