MLK OFFICE PARK 7+ CAP RATE

Office for Sale
Catylist Listing ID: 30025686
Property Subtypes: Office Building
Building Size (RSF): 7,200 SF
Gross Land Area: 0.85 Acres
Sale Price: $969,900
Unit Price: $134.71 PSF
In Opportunity Zone? Yes
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: 7.0%
Last Updated: 8/31/2020

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 2018
Real Estate Taxes - Annual($) $13,000 (Annual)
Potential Rental Income $82,874 (Annual)
Gross Operating Income $82,874 (Annual)
Net Operating Income $60,362 (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

View FullscreenMap

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
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Exchange Florida nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.