Catylist Listing ID: 30025686
Property Subtypes: Office Building
Building Size (RSF): 7,200 SF
Gross Land Area: 0.85 Acres
Sale Price: $559,000 - 995,000
Unit Price: $77.64 - 138.19 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: MLK OFFICE PARK
Class of Space: Class B
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 10/23/2017

Overview / Comments

LOCATED DIRECTLY ACROSS THE STREET FROM THE FLORIDA STATE FAIRGROUNDS
TWO BUILDINGS 3,600 SQ FT EACH FOR A TOTAL OF 7,200 SQ FT.
BUILT IN 2008 18 PARKING SPACES

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $13,000 (Annual)
Potential Rental Income $88,400 (Annual)
Net Operating Income $65,640 (Annual)
Gross Operating Income $88,400 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Tax ID/APN: 122919ZZZ00000146930
Zoning: PD
Market Type: Large
Property Located Between: US 301 AND RT 4
Side of Street: South
Road Type: Paved
Property Visibility: Excellent
Transportation: Highway
Highway Access: EASY ACCESS FROM ALL MAJOR ROADS IN TAMPA.
Site Description: TWO 3600 SQ FT OFFICE CONDOS. 100% LEASED. GREAT LOCATION ON MLK BLVD EASY ACCESS TO ALL POINTS.
Area Description: VERY BUSY AREA ON THE EAST SIDE OF TAMPA.
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 2008
Roof Type: Gable
Construction/Siding: Block
Exterior Description: VERY NICE STUCCO FINISHED BUILDING WITH MATURE LANDSCAPE
Parking Ratio: 2.5 (per 1000 SF)
Parking Type: Surface
Parking Description: PAVED AND STRIPED PARKING LOT, UNDER LIGHTS.
Total Parking Spaces: 18
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: T1/T3
Interior Description: CUSTOM BUILDOUTS
Zoning Description: PD
Lot Frontage: 372
Lot Depth: 100
Land Ownership: OWNED
Legal Description: Folio # 42910.0000

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,631 51,121 219,731
Median Age: 35.49 33.04 33.64
Households: 912 18,019 82,650

Contact

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