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.
| Website: | https://www.nestseekers.com/5545262 |
|---|---|
| Address: | TAMPA, FL 33618 |
| Ownership: | Fee Simple |
|---|---|
| Type: | Unknown |
| Pets: | Pets Allowed |
| Lot Size: | 0.1 Acres |
Financials
Price:$1,145,000
Annual Taxes:$14,114.95
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
888 Biscayne Blvd # Unit CU9 Miami, FL 33132 Phone: +1 305-203-4555 Fax: +1 305-675-0745 | |
| Listing Courtesy of ADVANTAGE REALTY SERVICES, INC | |