Investment Opportunity - Offices For Sale
|Catylist Listing ID:
Net Leased, Office Building
|Building Size (RSF):
|Gross Building Area:
|Gross Land Area:
|Property Use Type:
||Net Leased Investment (NNN), Investment, Vacant/Owner-User
|Class of Space:
||Cash to Seller
|Average Occupancy Rate:
Overview / Comments
Walter Dickinson of Tampa Bay, Inc. is proud to bring this unique office investment opportunity to market. Occupancy is 60% and comprised of (2) nationally recognized tenants both with 2016 long term lease renewals.
Present vacancy was created by downsizing of an existing tenant. The existing 4,223 vacant square feet provides significant upside opportunity for an investor and/or owner occupant. For example, utilizing a very conservative $8 PSF rental rate for vacant space yields a potential NOI of $149,000 or 9% CAP. Currently, market PSF lease rate is $10 - $12 PSF. Existing leases are triple net.
Attachments & Media
||Office asset is located on 56th Street few blocks south of Fowler Avenue.
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