Oldsmar End User/Investor Office Building

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30790165
Property Subtypes: Business Park, Medical, Office Building
Status: Pending/Contingent
Condo? Yes
Building Size (RSF): 6,000 SF
Gross Building Area: See Agent
Sale Price: $1,680,000
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Cypress Lakes Prof - 250 Pine
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/18/2022

Overview / Comments

New opportunity to purchase a 6,000 sq ft office building divided into two suites. Suite A is 4,000 sq ft and available for occupancy. Suite B is 2,000 sq ft and leased to a medical provider.

Located in the well established Cypress Lakes Prof Center in Oldsmar, this building has been well maintained. New shingle roof in 2021. Exterior of the building was recently painted. Excellent Parking.

The 4,000 sq ft office features 9 private perimeter offices (each with windows), a server room, large conference room, large open work area, breakroom and bathrooms. This space will be vacated by the current tenant by May 2022.

Annual rent collected for Suite B is over $50,000. At a purchase price of $1,680,000, an 80% loan @ 3.75% amortized over 20 years would leave an owner user with a monthly mortgage payment of $7,968. Applying the current rent being collected for Suite B, the owner/user who would occupy the 4,000 sq ft suite would have an effective lease rate of $11 per sq ft NNN. Nice opportunity.

Call listing agent to schedule a tour.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 16 28 16 20228 000 2500
Is Condo?: Yes
Property Visibility: Good
Year Built: 2005
Year Renovated: 2012

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,070 63,066 199,486
Median Age: 36.74 44.66 45.76
Households: 3,030 26,990 87,611
© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Florida Gulfcoast Commercial Association of Realtors nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.