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Key Details
Sold Price $1,000,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 7,990 sqft
Price per Sqft $125
Subdivision Balm-Riverview Office Park
MLS Listing ID T3269364
Sold Date 01/29/21
HOA Y/N No
Year Built 2007
Annual Tax Amount $14,064
Lot Size 8,712 Sqft
Acres 0.2
Property Description
Property tours are available by appointment ONLY. Available for sale is this incredible opportunity to invest in 10841 Park Drive (the “Property”), a value-add medical office building located in the fast-growing city of Riverview, Florida. 10841 Park Drive consists of a single-story, ±6,562 SF office building situated on ±0.2 acres. Constructed in 2007, the building has been well maintained and received a new roof in 2018. The Property is currently 100% occupied by three tenants, with an in-place NOI of ±$73195. The Property is ideally-positioned just off the highly-trafficked US Highway 301, approximately two miles from Interstate 75. In addition, the site is within close proximity to housing, schools, and local amenities. As of 2020, the Property’s demographics have ±76,182 individuals residing within a 3-mile radius. In the same year, the total specified consumer spending within a 3-mile radius of the Property accounts for ±$741,052, and there are ±1,604 businesses and ±14,626 employees. This offering presents tremendous upside potential through stabilizing and raising rents, and improving upon management systems for long-term stabilized cashflow. The Seller deems all of this information to be true and accurate.
Location
State FL
County Hillsborough
Community Balm-Riverview Office Park
Zoning PD
Interior
Heating Central
Cooling Central Air
Exterior
Utilities Available Public, Water Connected
Building
Story 1
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Structure Type Block
New Construction false
Others
Ownership Corporation
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
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