ICOT Office/Flex for Sale

Office for Sale
Catylist Listing ID: 30806550
Property Subtypes: Medical, Flex Space
Building Size (RSF): 8,600 SF
Gross Building Area: See Agent
Sale Price: $2,087,500
Unit Price: $242.73 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/17/2022

Overview / Comments

This 8,600 RSF office building sits on 2.07
acres and can potentially be expanded to
21,000 SF. It is located in the Icot Business
Park which occupies the northwestern
corner of the Gateway Submarket.
The building is currently 100% occupied by a
national dental lab company, generating a
$114,800 annual NOI with a newly executed, 7
year NNN lease with annual escalations.
The property is offered for sale at a 5.5%
CAP rate or $2,087,500.

Attachments & Media

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 16 30 04 77515 000 1301
Zoning: IL

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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


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