Petersburg Commerce Center

Property Overview

Foundry Commercial has been retained as the Exclusive Agent in the sale of Petersburg Commerce
Center in Saint Petersburg, FL (the “Property”), a multi-tenant infill industrial building in St. Petersburg,
FL. The Seller has occupied the building for four years and is bringing the Property to market with
over 50,000 square feet of vacant space with built out offices, bathrooms, and breakrooms.

The Property sits on ±5.25 acres and contains three warehouse buildings totaling ±62,335 square feet.
The buildings feature roll up grade-level doors with 14’ clear heights and 3 phase power. In addition,
there is ±0.50 acres of outdoor storage which aligns well with typical industrial user requirements

Conveniently located in Florida’s densest county, the Property is just minutes from I-275 and US
Highway 19, enabling users to conveniently serve nearly 1 million consumers within South Pinellas.
With limited supply and a 4.2% vacancy rate, the market rents for the Property have significantly
surpassed the existing rents. With less than two years of lease term remaining, a new owner is
projected to capitalize on this mark-to-market opportunity.

Petersburg Commerce Center offers a desirable opportunity to acquire an exceptionally
well-located and highly functional multi-tenant industrial asset for either an owner-user
or investor in the densest county in the state of Florida. The Property’s market rents,
existing vacancies, and near term leases offer an investor the chance to increase rents
quickly or a plug-and-play opportunity for an owner-user.