Trinity Medical Arts Building

Office for Sale
Catylist Listing ID: 30393123
Property Subtypes: Business Park, Medical, Office Building
Building Size (RSF): 31,303 SF
Gross Building Area: 33,908 SF
Gross Land Area: 3.32 Acres
Sale Price: $6,900,000
Unit Price: $220.43 PSF
Property Use Type: Investment
Class of Space: Class A
Usable Size (USF): 31,303 SF
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 98
Last Updated: 6/24/2019

Overview / Comments

Trinity Oaks is an upscale medical campus, owned by Baycare consisting of three large Class A medical office buildings. The three buildings include Bayrcare Surgery Center, Baycare Medical Office and this individually owned Medical Arts Building. Located in Trinity, off of Mitchell Boulevard and South of SR 54, this medical office park is strategically located within an upper middle-class market with rapid development. The property consists of professional medical practitioners with strong ties and utilization to the Baycare system.

This Class A, Medical Arts building is located off of Trinity Oaks Blvd in the rapid developing market of Trinity. The 33,908 Square foot building sits on approximately 3.32 acres of land. This building is located on a Baycare medical campus with one large Class A Medical Offices, and a Surgery Center. The property is on a long-term land lease with 59 years remaining. The building is for sale at $6,900,000 and has a cap rate of 7%. Consisting of eight reputable long lasting tenants, this property provides potential owners with a great investment opportunity.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pasco
Tax ID/APN: 1626260000003000000
Property Located Between: Little Road and SR 54
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 16,954 SF
Year Built: 2007
Parking Ratio: 7.1 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 241

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,256 56,471 133,929
Median Age: 41.37 45.55 46.33
Households: 2,963 23,482 58,160

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