INVESTMENT OFFICE BUILDING

Office for Sale
Sale Pending
Catylist Listing ID: 30106223
Property Subtypes: Office Building
Status: Pending
Building Size (RSF): 14,675 SF
Gross Building Area: 15,000 SF
Gross Land Area: 1.61 SF
Sale Price: $1,175,000
Unit Price: $80.07 PSF
Property Use Type: Investment
Class of Space: Class C
Usable Size (USF): 14,675 SF
Sale Terms: Cash to Seller
Cap Rate: 8.9%
Last Updated: 9/15/2017

Overview / Comments

Wonderful opportunity to acquire a Medical Office Building located near Morton Plant Hospital, a 700 bed state of the art hospital. This building of 14,675 SF leasable has 10,100 SF leased to Fresenius Health Care. The largest Dialysis Care Company in the nation. Fresenius has been in the building for 10 years and just extended its first renewal option for the next five years. One suite of 4,575 SF is currently available for lease. Current tenant pays $124,230 annually.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 21-29-15-06462-010-0011
Zoning: IRT
Property Located Between: SOUTH SIDE OF LAKEVIEW BETWEEN S. FT. HARRISON & MYRTLE AVE.
Property Visibility: Good

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,331 110,192 247,496
Median Age: 38.84 45.95 46.78
Households: 5,809 49,613 115,235

Contact

Photograph of Listing Agent

Mark S. Klein

KLEIN & HEUCHAN, INC FGCAR CIE Member
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