Citrus Park Office Building For Sale

Office for Sale
Catylist Listing ID: 30783431
Property Subtypes: Executive Suites, Net Leased, Office Building
Building Size (RSF): 4,048 SF
Gross Building Area: See Agent
Gross Land Area: 14,610 SF
Sale Price: $1,000,000
Unit Price: $247.04 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Citrus Park Executive Suites
Class of Space: Class B
Usable Size (USF): 3,954 SF
Sale Terms: Cash to Seller
Cap Rate: 5.76%
Average Occupancy Rate: 100
Last Updated: 5/16/2022

Overview / Comments

Currently home to the Citrus Park Executive Suites, this free-standing office building is adjacent to the First Citrus Bank building and just south of Sickles High School.
We anticipate the executive suite operation to relocate in 2023,
This offering affords immediate cash-flow for an investor with upside when rents adjust to market as a single-tenant office building in a prime location.
For a patient user, this property is an opportunity to lock in this rare Citrus Park location for owner to occupy in 2023.

Shown by appointment only. Please take the virtual tour before scheduling a physical tour.
Contact listing agent for details of the existing lease.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Taxing Authority: Hillsborough County
Tax ID/APN: U-02-28-17-ZZZ-000000-26090.1
Zoning: PD - PLANNED DEVELOPMENT
Property Visibility: Fair
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2003
Roof Type: Hip
Construction/Siding: Vinyl Siding, Wood Frame
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities
Legal Description: WLY 79.10 FT OF FOLLOWING: COMM AT SW COR OF SW 1/4 OF SEC 2 RUN THN N 00 DEG 09 MIN 53 SEC E ALONG W BDRY OF SW 1/4 OF SAID SEC 2 1990.48 FT TO NW COR OF SW 1/4 OF NW 1/4 OF SW 1/4 OF SAID SEC 2 THN S 89 DEG 24 MIN 00 SEC E TO WLY R/W LINE OF SHELDON RD THN N 46 DEG 35 MIN 27 SEC W 7.20 FT THN N 00 DEG 11 MIN 24 SEC E 619.29 FT TO S R/W LINE OF HIXON RD THN N 89 DEG 54 MIN 47 SEC E ALONG S R/W LINE OF HIXON RD 158.72 FT TO POB THN N 89 DEG 54 MIN 47 SEC E 352.94 FT TO WLY R/W LINE OF SHELDON RD THN S 32 DEG 52 MIN 33 SEC E 9.81 FT TO POINT ON CURVE TO RIGHT RADIUS OF 1139.00 FT C/B S 29 DEG 02 MIN 12 SEC W 201.99 FT THN S 89 DEG 54 MIN 47 SEC W 259.94 FT THN N 00 DEG 05 MIN 13 SEC W 184.70 FT TO POB

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,697 78,875 204,013
Median Age: 39.02 37.82 38.42
Households: 2,473 29,338 78,997

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