Contacts
Grimaldi Commercial Realty Corp.
Property Details
- Property Type Industrial - Warehouse/Distribution
- Property Size 109,406 SF
- Lot Size 26.11 Acre
- Property Tenancy Multi-Tenant
- Year Built 1987
- Year Renovated 2024
- Date Updated May 15, 2026
- HVAC None
Reach out to the broker for more info on lease terms and amenities
Highlights
- 109,406 SF across eight buildings, including seven climate-controlled industrial warehouses and one fully renovated 2,100 SF restaurant.
- 1520 Parcel offered at $14,500,000 as a stabilized 9% CAP sale-leaseback (also available to owner/users; call for pricing).
- 26.11-acre industrial and retail portfolio across four contiguous, buildable parcels with direct US-19 frontage.
- Adjacent parcels at 1420 S Suncoast Blvd and 1470 S Suncoast Blvd are under contract for a hotel development, reinforcing long-term corridor growth.
- Comprehensive 2024 renovations including new roofs, HVAC systems under three years old, spray foam insulation, and new garage doors; restaurant renovated in 2025.
- Direct Financing Offset: The $5,000,000 seller-financed note is tied directly to the lease performance, effectively securing the first $5,000,000 of rental income against the note balance for unmatched principal protection.
- Full 10-Year Lease Security: Investment includes a personal guarantee on the entire 10-year NNN lease term, featuring 3% annual escalations.
- High-Leverage Seller Financing: Seller will provide $5,000,000 in financing to facilitate the acquisition for an investor.
- Immediate Stabilization: If purchased as an investment, Buildings 3–7 will be available for lease and subleased by the current owner to deliver 100% stabilized occupancy at closing.
- Located within the Tampa MSA (18th largest in the U.S.), with Citrus County projected to reach 350,000 residents by 2030 and traffic counts of 29,000 VPD.
- Three tenants prepared to execute 10-year NNN leases at an 8% CAP rate, anchored by Auctionz LLC with strong financials.
- Warehouse ceiling heights up to 20 feet; office facilities include a full kitchen, conference room, and on-site gym.
- Zoned Industrial and General Neighborhood Commercial; remaining parcels are buildable with no wetlands per county records.
Attachments
Getting around
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16/100
Walk Score ®
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29/100
Bike Score ®
Location
- City Homosassa, FL
- Neighborhood Crystal River
- Zip Code 34448
Points of Interest
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Circle K
1.11 miles
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Greenlots
2.39 miles
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PURE
3.24 miles
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RaceTrac
3.24 miles
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Wawa
4.07 miles
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BP
4.10 miles
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Chevron
4.12 miles
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Sunoco
5.19 miles
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Shell
5.59 miles
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Enterprise
3.77 miles
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7-Eleven carwash
8.12 miles
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Sugarmill Family Car Wash
8.22 miles
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Chili's
1.64 miles
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Applebee's
1.75 miles
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Domino's
1.88 miles
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Arby's
1.98 miles
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DQ Grill & Chill
2.22 miles
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McDonald's
2.28 miles
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Olive Tree Restaurant
2.46 miles
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Hardee's
2.52 miles
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Wendy's
2.79 miles
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Riviera Mexican Cantina
2.80 miles
Grimaldi Commercial Realty Corp.