TAMPA, FL 33618

Property

Ownership: Fee Simple
Type: Unknown
Pets: Pets Allowed
Lot Size: 0.1 Acres

Financials

Price:$1,145,000
Annual Taxes:$14,114.95
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of ADVANTAGE REALTY SERVICES, INC

EXECUTIVE SUMMARY Excellent opportunity to acquire a free standing 4, 058 SF single story professional office building located within the highly desirable OAK GROVE PROFESSIONAL PARK in Carrollwood.

Description

EXECUTIVE SUMMARY Excellent opportunity to acquire a free standing 4,058 SF single-story professional office building located within the highly desirable OAK GROVE PROFESSIONAL PARK in Carrollwood. This versatile, concrete-block asset is currently configured into three separate, fully leased suites. Currently all three tenant leases are perfectly synchronized to expire in late 2026, unless extended, offering an incoming buyer flexibility. An investor can immediately capture a rent upside by resetting current rates to market value. Alternatively, an owner-user can acquire the property, enjoy a stable, built-in income stream for the next several months, and occupy any portion or the entirety of the building by late 2026. INVESTMENT HIGHLIGHTS *Immediate Value-Add Upside: Existing tenants have longevity with the building and enjoy a conservative rent. Transitioning the building to the market average for rent can increase income *Synchronized Lease Expirations: This layout eliminates long-term tenant lock-in, providing a blank canvas for immediate repositioning or owner occupancy. *Premium Carrollwood Location: Positioned directly on West Bearss Ave, immediately off the heavily trafficked North Dale Mabry Hwy corridor. Exceptional visibility, easy access to the I-75/I-275 apex, the Veteran's expressway and surrounded by Tampa submarkets, *Low-Maintenance Association Asset: Situated within a pristine, professionally managed office park. The active association handles common area maintenance, parking lot preservation, grounds security lighting, and trash removal. The office park has robust reserve funds and is currently undergoing a landscape improvement project. PROPERTY SPECIFICATIONS Building Size: 4,058 SF Number of Tenants: 3 Distinct Suites Construction: Durable Concrete Block Structure with Brick Highlights Parking: Ample, shared cross-parking throughout the professional park. Permitted Uses: General Professional Office, Legal, Corporate Headquarters, and Intensive Medical/Dental Practices Other: Recently Painted Interior---2026 Hurricane Windows in All Suites Throughout the Building---April 2024 New Roof----August 2020 Assocciation maintains strong financial reserves.

Amenities

  • Accessible Doors
  • Accessible Hallway(s)
  • Bathrooms
  • Blinds
  • Common Lighting
  • Curbs
  • Double Pane Windows
  • Dumpsters
  • ENERGY STAR Qualified Windows
  • Insulated Windows
  • Kitchen Facility
  • Landscaped
  • Low Emissivity Windows
  • Paved
  • Public
  • Reception
  • Refrigerator
  • Security Lights
  • Sidewalk
  • Sidewalks
  • Smoke Detectors
  • Stone Counter
  • Storm Window(s)
  • Street Lights
  • Visitor Bathroom
  • Waiting Room
  • Wooded

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.