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Property Overview
Price/Rent PSF $ 2,995,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 21,768
Date Available 08/08/2018
Additional URL Link
Parking 20
Floors 1
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Description

Location
Subject property is located in the southeast corner of the signalized intersection at West Bay Drive and 4th Street Southwest, between Missouri Avenue/Alt U.S. 19 and Clearwater Largo Road., adjacent to a city park.

Sale
SVN is proud to exclusively present WEST BAY VILLAGE , A Neighborhood Shopping Center consist of two, one-story multi-tenant shopping center buildings with current 72.90% occupancy & 27.10 % vacancy which can be separated into 2 units. Constructed in 2004. Combined, the two buildings contain approximately 21,113 square feet of enclosed building area and 21,768 square feet of rentable area,.
Offering an attractive Investment Opportunity with upside potential and future Mixed use Redevelopment. Easy to get leased back 100% Occupancy and located in Florida with No State Income. Owners is currently working on leasing back to 100%, which will allow higher NOI based on higher base rent and stronger terms.

Addtl Info: Seller occupies Evermore Cafe as tenant and owns all equipment & FFE. Buyer will own all FF&E assets included in sale vacant restaurant space , list available as Due Diligence.
***Seller will give Buyer Escrow Rent credit for for a period of time

Location

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