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Two-Tenant Medical/Professional Office 11602 N 51st St 10,523 SF 100% Leased 4-Star Office Building Tampa, FL 33617 $3,287,304 CAD ($312.39 CAD/SF) 7.15% Cap Rate
Investment Highlights
- 13,523-SF, Two-Tenant Medical/Office Building | Recent Improvements Include: Exterior Painted in 2023, HVAC Replaced in 2020
- Additional Income From Cell Tower on Property With New Lease | Large, Landscaped and Lighted Parking Lot With 40 Parking Spaces
- Strategically Positioned Near Temple Terrace, a Growing Tampa Suburb Road and Under 10 Minutes From Both I-75 and I-275 Into Downtown Tampa
- Building Features Cat 6 Cables Pre-Wired for High-Speed Internet | 100% Occupied by Two Tenants on New Gross Leases Starting at COE
- +/-0.87 Acre Lot With Two Points of Ingress/Egress Onto N 51st St and Access From Both Traffic Directions
- Adjacent to University of South Florida Campus, a Major Public University With Over 50,000 Students
Executive Summary
13,523-SF, Two-Tenant Medical/Office Building 100% Occupied by Two Tenants on New Gross Leases Starting at COE
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
10,523 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1979/2018
Price
$3,287,304 CAD
Price Per SF
$312.39 CAD
Cap Rate
7.15%
NOI
$234,905 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,262 SF
Slab To Slab
12’
Building FAR
0.28
Lot Size
0.87 AC
Zoning
RO1 - Residential Office – Low Intensity.
Parking
40 Spaces (3.8 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Conferencing Facility
- Security System
- Kitchen
- Central Heating
- Fully Carpeted
- Reception
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- North Shore Enterprises I, Llc
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| North Shore Enterprises I, Llc | - | - | - | - |
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | A-15-28-19-54V-000015-D0000.0 | Improvements Assessment | $1,516,838 CAD |
| Land Assessment | $139 CAD | Total Assessment | $1,516,976 CAD |
Property Taxes
Parcel Number
A-15-28-19-54V-000015-D0000.0
Land Assessment
$139 CAD
Improvements Assessment
$1,516,838 CAD
Total Assessment
$1,516,976 CAD
Contacts
-
Darpan Patel -
Samantha Kelley -
Dan Yozwiak -
Sam Elyassaki -
Peter Sibicky -
Marcus & Millichap
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Two-Tenant Medical/Professional Office | 11602 N 51st St
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