Icot Business Center Investment Opportunity

Office for Sale
Catylist Listing ID: 30000668
Property Subtypes: Business Park, Net Leased, Office Building
Building Size (RSF): 8,000 SF
Gross Building Area: 8,500 SF
Gross Land Area: 2.05 Acres
Sale Price: $1,115,000
Unit Price: $139.38 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class B
Usable Size (USF): 8,000 SF
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 5/22/2018

Overview / Comments

* 8,000 SF Single-tenant office building
* Credit Tenant with long lease and renewal options
* Below Market Price/SF
* Tenant pays all expenses (except roof repairs over $1,000)
* New HVAC in Fall of 2015
* Roof warranted until 2017
* Room to expand by up to 4,400 SF
* 96 Parking spaces for a ratio of 12:1,000 SF
* Well-located in the Icot Business Center

Attachments & Media

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 043016775150001301

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,242 81,074 268,111
Median Age: 31.35 44.31 44.29
Households: 2,617 35,524 120,132

Contact

Photograph of Listing Agent

Scott M Clendening

Commercial Partners Realty FGCAR CIE Member
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