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Pinehurst Office Suites and Storage

Listing was updated at: 03/22/2019

Property Overview

Price/Rent PSF $ 2,550,000.00
Asset Type Office
Trade Type Sale & Lease
SQ. FT. Available 12,000
Date Available 03/22/2019
Additional URL Link
Parking 40
Floors 1
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Description

Location
COM AT NW COR OF NE 1/4 TH S 990FT TH E 40FT FOR POB TH E 179FT TH S 292FT TH W 179FT TH N 292FT TO POB CONT 1.29AC(C)

Sale
Occupancy at 80% with an almost 7% cap. Great Potential and eventually a 8%+ cap when fully leased. Corner lot with plenty of parking. Location, location, location at the corner of Pinehurst Road and San Christopher Drive in the growing Dunedin area. Rare Commercial Investment opportunity for office/retail space. There are twelve 1000 square foot units and ten 300 square foot climate controlled storage units. Three of the storage bays was finished out and is equipped with a full width (length) floor drain system, checkerboard tile floor, a significant number of fluorescent lighting fixtures, easy-to-wash vinyl covered walls (48" high), 220 volt electrical outlets (for welding and/or other large equipment, etc.) Plus, it has its own bathroom, separate side door access (and outside side-door entryway lighting), an alarm system, and is able to accommodate the installation of an additional (larger) general purpose sink (like a double sided, deep well sink). Current leases include an IT company renting 4000 SF, Media company renting 2000 SF, Credit Payment Solutions company leasing 1000 SF and a new 5 year lease with local established brewery for 3000 SF. Some furniture in photos is available for purchase or can be included in the sale. Actively marketing and leasing out all other vacant space.

Lease
Great location at the corner of Pinehurst Road and San Christopher Drive in the growing Dunedin area. Rare opportunity for office/retail space that is already built out. Corner lot with plenty of parking. There are multiple units available from 1000 square feet to 8000 square feet. Building is zoned for retail/office/medical use. Property also has 20 x 24 climate controlled storage units available. Currently built out for an IT company with temperature controlled servers rooms. Some furniture in photos is available for purchase or can be included in the lease rate.

Location

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