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Professional Office Building

Listing was updated on: 10/26/2019
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Property Overview

Price/Rent PSF $ 899,900.00
Asset Type Office
Trade Type Sale & Lease
SQ. FT. Available 5,310
Spaces Show
Date Available 10/26/2019
Additional URL Link
Parking 16
Floors 1
Additional parameters Show
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Description

Location
Busy secondary thoroughfare Alt Us Hwy 19 running North to South along the Beaches. Surrounding area of services for Visitors and a Tourist Corridor along with Neighborhoods and supporting businesses, Professional Office Practices, Medical, Dentist, Executives and Small Business are ideal for this location in Palm Harbor Florida. Nearby are Restaurants, Retail, Specialty and the Famous Downtown Main Street Corridor. Palm Harbor is known for is A rated Schools, and is a most desirable place to live, work and play. Downtown events and festivals, along with Parks and Beaches are nearby.
Part of popular Pinellas County, many small town and popular cities connect along the Gulf Coast. Clearwater-St. Petersburg are the major MSA's. World Famous Beaches and Destinations and well known international Headquarters bring business and residents to the area.
Downtown Tampa and its International Airport are a short 35 minute drive away. Tampa Florida is homes to nightlife, arenas, professional sports teams, and is one of the top Metropolises in the State of Florida. This area is well named as Florida's Suncoast.

Sale
Income Property! Currently space for OWNER/USER at 2889 SF. The rest is income, and leased. Three Front facing units for professional office, flexible space. Currently available for owner occupant or tenant primary Space A is a 2889 SF executive space with seven offices and a trayed ceiling conference room, print room and breakroom, two handicap baths (one with shower) and reception space. Space B is currently leased 714 SF, two offices, reception area and bathroom (verify). Space C is 1132 SF currently leased three offices, one conference room, one reception area and two bathrooms.
This modern building has large windows for bright natural light, a shaded lot, interior quality finishes including trayed ceilings, wains-coating in conference room, additional trimwork around widows, leaded glass entry door, transom, raised panel doors, high ceilings, and large office spaces.
Leases up at a 7.49 CAP Rate for Investment income at full occupancy, with additional upside potential to reach market rents. Currently Modified Gross avg $12.33 per square foot, with upside potential on month to month leases up to $16 per square foot leases (see rent roll).

Lease
Flex Space Available for new tennant investment income, or owner occupant.

Location

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