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Key Details
Sold Price $625,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $250
Subdivision South Tampa Sub
MLS Listing ID U8134156
Sold Date 09/07/21
Condo Fees $4,200
Construction Status No Contingency
HOA Y/N No
Year Built 2007
Annual Tax Amount $7,463
Lot Size 2,613 Sqft
Acres 0.06
Property Description
A rare opportunity to purchase a 2,500 SF Waterford Construction medical office building in the 35 unit Lake Brandon Professional Park. Owners rarely sell in this park, with only two sales since 2019. Purchase as an investment or occupy Suite 1136 when the family doctor’s lease expires at the end of June 2022 and benefit from the rental income provided by Suite 1138. The tenant lease for 1138 Nikki View expires in February 2023, with two one-year renewal options. Suite 1138 is standard office but has plumbing stubbed within the walls for medical use. Suite 1136 has six office / exam rooms (2 currently have sinks), a waiting / reception area, break room (plumbing available for a sink), and one "accessible" restroom. Rent currently averages $22/SF modified gross among the two units.
First come first serve parking is available in front and behind the building. One HVAC unit was replaced in 2018 and both suites received new paint, vinyl plank flooring and carpet within the last 18 months. This office park consistently sees low vacancy rates and is currently 1.2% vacant as of 8.17.21 (Source: CoStar). HART line bus stop only a 5 minute walk / 0.2 miles north. Just south of Causeway Boulevard. Selmon Expressway less than a mile north. I-75 less than 2.5 miles to the northwest. Brandon Regional Hospital is located 3.4 miles northeast and is a 438-bed acute care facility offering a number of services.
Location
State FL
County Hillsborough
Community South Tampa Sub
Zoning PD
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Laminate
Exterior
Community Features Sidewalks
Utilities Available Electricity Available, Phone Available, Public, Water Connected
Waterfront false
Roof Type Tile
Building
Lot Description Interior Lot
Story 1
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Concrete,Stucco
New Construction false
Construction Status No Contingency
Others
Ownership Corporation
Monthly Total Fees $350
Special Listing Condition None
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Bought with DOYLE & MCGRATH REAL ESTATE LL
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Melissa Malave-Crespo
REALTOR® | License ID: SL3394025
REALTOR® License ID: SL3394025