Liberty Professional Center

Office for Sale
Catylist Listing ID: 30791582
Property Subtypes: Executive Suites
Condo? Yes
Building Size (RSF): 19,295 SF
Gross Land Area: 1.55 Acres
Sale Price: $4,200,000
Property Use Type: Investment
Building Name: Liberty Professional Center
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/18/2022

Overview / Comments

3 Office Building Complex
Investment Sale with Lease back of more than 50% by owners that originally built the office park.
Buildings have one vacancy and remaining space is occupied by tenants with value-add opportunity to increase rent w/ lease renewals
Located directly contiguous to the Pasco County Government Center
All offices were built w/ upgraded finishes, lots of windows, ample parking, & easy access
Extremely well-maintained with lush landscaping & recently re-surfaced parking lot
Rapidly growing area with new access ramp to the Veterans Expressway open just a few miles away for easy access to Tampa.
Commercial Asset Partners is pleased to
exclusively offer this 3-building office park in
New Port Richey, Florida.
The buildings total 19,295 sq. ft. and are
occupied by multiple tenants, including the
current owners of the property.
Those owners, who comprise more than 50%
of the square footage, will continue to lease
from a new owner, providing stability for this
investment.
The buildings have one recent vacancy that is
being marketed for Lease. It is in excellent
condition with a very desirable floor plan. The
remaining tenants’ rents are below market and
offer potential to add value by increasing those
rents when leases are renewed.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pasco
Taxing Authority: Pasco County
Tax ID/APN: 35-25-16-0120-00000-0020
Is Condo?: Yes
Zoning: C1
Property Located Between: Rowan Road and Government Drive
Property Visibility: Good
Airports: Clearwater/St Petersburg
Total Number of Buildings: 3
Number of Stories: 1
Year Built: 2007
Roof Type: Arched
Zoning Description: C1
Legal Description: LIBERTY PROFESSIONAL CENTER ACONDOMINIUM CB 7 PG 74 UNIT 2 OR7852 PG 952

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,736 72,775 153,437
Median Age: 44.23 45.04 45.7
Households: 2,844 31,417 67,239

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