October 7, 2025 • 9 mins
On today's show I'm speaking with Jack Tucker on why there is an acute shortage of industrial land in Bradenton Florida.
-----------------
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:01):
Welcome to the Real Estate, a special podcast, your morning
shot of what's new in the world of real estate investing.
I'm your host, Victor Minash. We've got a very special show
for you today. We've got a very special guest
all the way from Atlanta. Welcome to the show, Jack
Tucker. Hello.
Thank you, Victor. Well, great to have you here
now, Jack. We've been working together now
for a little while on a project that we're just putting out to
(00:22):
market. But maybe before we do, perhaps
give a tiny bit of your back story and how you got to this
point in your journey. Oh.
Boy, well, thank you for asking.Great to be here.
You know, was a engineer for twodecades in the medical space
doing development and process development, high speed
automation. Eventually as time went on,
(00:43):
there was a lot of travel and wanted to exit and spend more
time as a father. We had young children at the
time and there's a lot of friction.
So we decided to build our real estate portfolio up and slowly
but surely we're in the Southeast and we were blooming
where we were planted. We enjoyed a good run of it
started near the recession back in 08/09 and one at a time, you
(01:06):
know, little little pieces of property here and there,
eventually single family, multifamily, eventually
transition to self storage as well.
And then outdoor storage, boat and RV storage, RV parks.
So a little bit of everything. But then have landed more
recently in the industrial space.
That's where we were and how we got here.
Now my wife and I are both full time real estate.
(01:28):
We've been so for quite a while and very excited to be at this
point in our history and and feel like everything up to this
point has gotten us ready to take on the next challenges at
hand. Now you and I are working
together on the project in Bradenton, FL.
Talk to me a little bit about ofall the places you could put a
(01:50):
pen in the map, why Bradenton? Great question.
So we were already down in the market with the boat and RV
storage and other outdoor storage.
And we've had such great successdown there with the market
growth, with the local markets being with a lot of tailwinds.
This particular project partner of mine brought to me and said,
(02:12):
hey, you know, there's 35 acres of this, of this urban infill.
You got this much money to invest.
Like, no, but I could sell some stuff.
So I asked him, what do you think it's worth?
And sure enough, the numbers were compelling.
There was already some existing cash flow in place and the
opportunity to develop around it.
And he is a developer at the time convinced me clearly that
(02:35):
that was the right thing to do. And so we jumped on that
property and it it was been about 3 years ago now since
we've owned it. I want to latch on to something
you said. When you say 35 acres of urban
infill, it's not very often thatyou put those two together in
the same sentence because urban infill usually that's like half
an acre, maybe one acre if you're lucky.
(02:57):
We're talking 35 acres. That is extraordinary.
Absolutely. Yeah, it was, it was a very
unique property. It was, it's actually a charter
school currently. It used to be a public school in
Manatee County. And eventually they they went
ahead and put a charter school in place to continue on.
And the charter school had the opportunity to buy the 35 acre
(03:20):
parcel because the county wantedit off their books.
And so the county was giving them a very sweetheart deal,
which the charter school is not ready to execute at the time.
So they brought us in as this friendly developer and we went
ahead and took it down and have been working on rezoning and
such ever since. It is a big piece.
And if you zoom out, it's it's compelling where you you get to
(03:43):
see all the other city built around this thing in all
directions right along this arterial hub.
It is. It is unusual to get such a nice
big infill. You know, Florida is one of
these places where pattern of development is unlike other
parts of the country. You tend to see a lot of
development near the coast. Then you go inland, especially
if you're in a wetland, there's absolutely nothing.
(04:05):
But this is an area that is extremely high density and
you're in that corridor from Tampa.
You know, Bradenton, Sarasota, it's pretty much all one
continuous city. If you blink, you wouldn't know
that you crossed a municipal boundary.
So it is very dense urban and there's a lot of traffic.
This is, you know, this is a happening area.
(04:26):
Absolutely. And you have a lot of
development. In fact a lot of the industrial
specifically that is nearby, a lot of has been rezoned and the
form based code on our doorstep doesn't allow for the industrial
use anymore. There's so much pressure for
residential and some commercial.A lot of the use the need in the
area is for more rooftops. So that actually creates an
(04:51):
opportunity. Now you and I've been looking at
this property for a little whileand we looked at a number of
different uses, including residential, and happened to
figure out that the highest and best use, surprise the heck out
of me, was in fact industrial. Absolutely.
And, and not just industrial, but the substantial lack of, of
supply of yards in this area. Just lay down yards because
(05:15):
again, you're in a tight urban environment.
Where do you store your stuff? If you're trying to move large
industrial pieces or store additional supply or a fleet or
anything like that, it's it's very, very tight.
Now very close to this property,there is some industrial, you've
got the Tropicana R&D facility, you've got some Tropicana
facilities as well as several others.
(05:37):
You've got a railway line, there's a rail spur.
This is an area that is potentially ideal for logistics
and yet there's not much supply of that in the market.
That's right. We're at this awesome little
point where you have Hwy. 3 O1 coming in US three O 1 and then
41 Tamiami. If you guys are familiar with
(05:57):
anything in Southwest Florida, Tamiami is that coastal highway
that shoots up and down North and South.
And then right after that merge,that's where our property sits
off to the right. And then if you continue up that
you go straight across the bridge, right up into Saint
Pete. It's it's very well positioned
for a logistics hub. Now we are in the process of
developing this property, takingthe portion that's not a school
(06:21):
and it's now going to be a triple play, a school,
commercial and industrial. Talk to us a little bit about
the vision for this property andyou know what the investment
opportunity might be when we're not here to sell investment
obviously on the podcast, but there will be an opportunity for
accredited investors coming up. Oh yeah, absolutely.
The great part. Well, there's, there's a number
(06:42):
of great parts. And over time, as in my
investing career, I've learned, I've learned the hard way, shall
we say. And one thing that I've learned
is existing cash flow is great. All right, So the heart of this
property right now, 11 acres of the 35, there's a charter school
and they're very healthy. They currently serve a minority
population, part of our deal when we took it down as we gave
(07:04):
them a very favorable rent. So they're they have a lot of
incentive to stay. They've actually grown, They
finished the second campus and they're actually building a
third campus now in other areas nearby, in other counties
nearby. And their business model is to
serve that that underserved population.
And frankly, the public schools in the area have said, hey, keep
(07:25):
doing what you're doing because you have really high graduation
rates here. You're doing really well, so
please keep doing it and helpingus out.
So the, the charter school is thriving.
They're paying $495,000 a year, triple net on their portion.
So that that's there. It's the heart and it's, it's
very healthy giving that cash flow.
(07:46):
Then we have the commercial padsthat are along that high traffic
corridor, about 65,000 vehicles per day.
We're turning that into three different out parcels basically
one of which is already under contract with 711.
So they're giving us a very goodnumber and the market is spoken.
They validated that there is that that demand which we
(08:06):
already knew. And then for the remaining 20
acres, we have this, this outdoor storage capability.
That's where we're really focused the school and the
commercial itself. The commercial pads will just
sell off. And then also the outdoor
storage is, is where we are going to be focusing most of our
time from a whole perspective. I love it.
(08:26):
Well, Jack, if folks want to learn more, we're hosting A
webinar this coming Wednesday night, October the 8th at 7:00
PM Eastern Time. Anything folks should know about
registering for the webinar? Yeah, absolutely.
If you go into the show notes, I'm sure it'll be in there.
They'll be a registration link. Come on in, you'll hear more
about the details that that we're looking at.
(08:47):
I'll be speaking more at length at each of these different
parts, Pete's and and then also book a call because that would
be the way to to really get the details and answer any questions
you may have. But really look forward to
speaking with you on Wednesday night.
Super well, Jack, great to sharethis with our listeners.
And for the listeners at home, definitely click on the link in
(09:07):
the show notes to register for Wednesday evening's webinar.
And in the meantime, have an awesome rest of your day.
Go make some great things happen.
We'll talk to you again tomorrow.
Welcome to the Real Estate, a special podcast, your morning
shot of what's new in the world of real estate investing.
I'm your host, Victor Minash. We've got a very special show
for you today. We've got a very special guest
all the way from Atlanta. Welcome to the show, Jack
Tucker. Hello.
Thank you, Victor. Well, great to have you here
now, Jack. We've been working together now
for a little while on a project that we're just putting out to
(00:22):
market. But maybe before we do, perhaps
give a tiny bit of your back story and how you got to this
point in your journey. Oh.
Boy, well, thank you for asking.Great to be here.
You know, was a engineer for twodecades in the medical space
doing development and process development, high speed
automation. Eventually as time went on,
(00:43):
there was a lot of travel and wanted to exit and spend more
time as a father. We had young children at the
time and there's a lot of friction.
So we decided to build our real estate portfolio up and slowly
but surely we're in the Southeast and we were blooming
where we were planted. We enjoyed a good run of it
started near the recession back in 08/09 and one at a time, you
(01:06):
know, little little pieces of property here and there,
eventually single family, multifamily, eventually
transition to self storage as well.
And then outdoor storage, boat and RV storage, RV parks.
So a little bit of everything. But then have landed more
recently in the industrial space.
That's where we were and how we got here.
Now my wife and I are both full time real estate.
(01:28):
We've been so for quite a while and very excited to be at this
point in our history and and feel like everything up to this
point has gotten us ready to take on the next challenges at
hand. Now you and I are working
together on the project in Bradenton, FL.
Talk to me a little bit about ofall the places you could put a
(01:50):
pen in the map, why Bradenton? Great question.
So we were already down in the market with the boat and RV
storage and other outdoor storage.
And we've had such great successdown there with the market
growth, with the local markets being with a lot of tailwinds.
This particular project partner of mine brought to me and said,
(02:12):
hey, you know, there's 35 acres of this, of this urban infill.
You got this much money to invest.
Like, no, but I could sell some stuff.
So I asked him, what do you think it's worth?
And sure enough, the numbers were compelling.
There was already some existing cash flow in place and the
opportunity to develop around it.
And he is a developer at the time convinced me clearly that
(02:35):
that was the right thing to do. And so we jumped on that
property and it it was been about 3 years ago now since
we've owned it. I want to latch on to something
you said. When you say 35 acres of urban
infill, it's not very often thatyou put those two together in
the same sentence because urban infill usually that's like half
an acre, maybe one acre if you're lucky.
(02:57):
We're talking 35 acres. That is extraordinary.
Absolutely. Yeah, it was, it was a very
unique property. It was, it's actually a charter
school currently. It used to be a public school in
Manatee County. And eventually they they went
ahead and put a charter school in place to continue on.
And the charter school had the opportunity to buy the 35 acre
(03:20):
parcel because the county wantedit off their books.
And so the county was giving them a very sweetheart deal,
which the charter school is not ready to execute at the time.
So they brought us in as this friendly developer and we went
ahead and took it down and have been working on rezoning and
such ever since. It is a big piece.
And if you zoom out, it's it's compelling where you you get to
(03:43):
see all the other city built around this thing in all
directions right along this arterial hub.
It is. It is unusual to get such a nice
big infill. You know, Florida is one of
these places where pattern of development is unlike other
parts of the country. You tend to see a lot of
development near the coast. Then you go inland, especially
if you're in a wetland, there's absolutely nothing.
(04:05):
But this is an area that is extremely high density and
you're in that corridor from Tampa.
You know, Bradenton, Sarasota, it's pretty much all one
continuous city. If you blink, you wouldn't know
that you crossed a municipal boundary.
So it is very dense urban and there's a lot of traffic.
This is, you know, this is a happening area.
(04:26):
Absolutely. And you have a lot of
development. In fact a lot of the industrial
specifically that is nearby, a lot of has been rezoned and the
form based code on our doorstep doesn't allow for the industrial
use anymore. There's so much pressure for
residential and some commercial.A lot of the use the need in the
area is for more rooftops. So that actually creates an
(04:51):
opportunity. Now you and I've been looking at
this property for a little whileand we looked at a number of
different uses, including residential, and happened to
figure out that the highest and best use, surprise the heck out
of me, was in fact industrial. Absolutely.
And, and not just industrial, but the substantial lack of, of
supply of yards in this area. Just lay down yards because
(05:15):
again, you're in a tight urban environment.
Where do you store your stuff? If you're trying to move large
industrial pieces or store additional supply or a fleet or
anything like that, it's it's very, very tight.
Now very close to this property,there is some industrial, you've
got the Tropicana R&D facility, you've got some Tropicana
facilities as well as several others.
(05:37):
You've got a railway line, there's a rail spur.
This is an area that is potentially ideal for logistics
and yet there's not much supply of that in the market.
That's right. We're at this awesome little
point where you have Hwy. 3 O1 coming in US three O 1 and then
41 Tamiami. If you guys are familiar with
(05:57):
anything in Southwest Florida, Tamiami is that coastal highway
that shoots up and down North and South.
And then right after that merge,that's where our property sits
off to the right. And then if you continue up that
you go straight across the bridge, right up into Saint
Pete. It's it's very well positioned
for a logistics hub. Now we are in the process of
developing this property, takingthe portion that's not a school
(06:21):
and it's now going to be a triple play, a school,
commercial and industrial. Talk to us a little bit about
the vision for this property andyou know what the investment
opportunity might be when we're not here to sell investment
obviously on the podcast, but there will be an opportunity for
accredited investors coming up. Oh yeah, absolutely.
The great part. Well, there's, there's a number
(06:42):
of great parts. And over time, as in my
investing career, I've learned, I've learned the hard way, shall
we say. And one thing that I've learned
is existing cash flow is great. All right, So the heart of this
property right now, 11 acres of the 35, there's a charter school
and they're very healthy. They currently serve a minority
population, part of our deal when we took it down as we gave
(07:04):
them a very favorable rent. So they're they have a lot of
incentive to stay. They've actually grown, They
finished the second campus and they're actually building a
third campus now in other areas nearby, in other counties
nearby. And their business model is to
serve that that underserved population.
And frankly, the public schools in the area have said, hey, keep
(07:25):
doing what you're doing because you have really high graduation
rates here. You're doing really well, so
please keep doing it and helpingus out.
So the, the charter school is thriving.
They're paying $495,000 a year, triple net on their portion.
So that that's there. It's the heart and it's, it's
very healthy giving that cash flow.
(07:46):
Then we have the commercial padsthat are along that high traffic
corridor, about 65,000 vehicles per day.
We're turning that into three different out parcels basically
one of which is already under contract with 711.
So they're giving us a very goodnumber and the market is spoken.
They validated that there is that that demand which we
(08:06):
already knew. And then for the remaining 20
acres, we have this, this outdoor storage capability.
That's where we're really focused the school and the
commercial itself. The commercial pads will just
sell off. And then also the outdoor
storage is, is where we are going to be focusing most of our
time from a whole perspective. I love it.
(08:26):
Well, Jack, if folks want to learn more, we're hosting A
webinar this coming Wednesday night, October the 8th at 7:00
PM Eastern Time. Anything folks should know about
registering for the webinar? Yeah, absolutely.
If you go into the show notes, I'm sure it'll be in there.
They'll be a registration link. Come on in, you'll hear more
about the details that that we're looking at.
(08:47):
I'll be speaking more at length at each of these different
parts, Pete's and and then also book a call because that would
be the way to to really get the details and answer any questions
you may have. But really look forward to
speaking with you on Wednesday night.
Super well, Jack, great to sharethis with our listeners.
And for the listeners at home, definitely click on the link in
(09:07):
the show notes to register for Wednesday evening's webinar.
And in the meantime, have an awesome rest of your day.
Go make some great things happen.
We'll talk to you again tomorrow.
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