Investment Opportunity Columbia Plaza - Clearwater, FL

Retail-Commercial for Sale
Catylist Listing ID: 30774063
Property Subtypes: Mixed Use, Street Retail
Building Status: Under Construction
Building Size (RSF): 21,647 SF
Gross Building Area: See Agent
Gross Land Area: 2.16 Acres
Sale Price: $4,500,000
Unit Price: $207.88 PSF
Property Use Type: Investment
Building Name: Columbia Plaza
Usable Size (USF): 21,647 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/3/2021

Overview / Comments

This property provides a diverse tenant mix providing a financially sound investment opportunity.​ All of the leases are structured as triple net and include annual escalations to provide for growth in income and protection against expense increase.​ This plaza has many tenants who have been occupants for over ten years and month to month tenants which allow for rent increases.​ The Plaza location in Mid Pinellas County with proximity to Countryside Mall in the most densely populated county in Florida.​ The excellent demographics, great visibility along SR 580 that sees +/- 44,000 AADT.​

Financials

Finance Data Year 2021
Net Operating Income $273,000 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 16 28 30 07254 000 1501
Retail Clientele: General, Family, Recreation
Property Located Between: SR 580 & US HWY 19
Property Visibility: Excellent
Largest Nearby Street: US HWY 19
Traffic/Vehicle Count: 44,000
Highway Access: US HWY 19
Airports: Tampa Airport, St. Pete/Clearwater Airport
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Excellent
Year Built: 1981
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Block
Parking Ratio: 4.3 (per 1000 SF)
Parking Type: Surface
Zoning Description: CP

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,755 129,526 240,756
Median Age: 51.58 48.7 46.99
Households: 9,613 60,688 109,288

Contact

Photograph of Listing Agent

Will Kochenour III

Santek Management, LLC
CE-FL Member
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