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Hercules Professional Center 701 N Hercules Ave 11,632 SF 80% Leased Office Building Clearwater, FL 33765 $2,602,449 CAD ($223.73 CAD/SF)
Investment Highlights
- Five-tenant office building.
- Daily traffic count of 22,052.
- Staggered lease expirations.
- Owner user opportunity
Executive Summary
Owner-user opportunity with a multi tenant office building with a majority of medical users in place. Staggered lease expirations provide flexibility and upside through future rent increases and NOI growth. Ideally located in north Clearwater across from Clearwater Air Park, with a daily traffic count of 22,052. Chance to leverage tenant income to offset owner-user debt service.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
11,632 SF
Building Class
B
Year Built
1985
Price
$2,602,449 CAD
Price Per SF
$223.73 CAD
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,632 SF
Building FAR
0.25
Lot Size
1.05 AC
Zoning
O, Clearwater - Medical or professional office use.
Parking
45 Spaces (4 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 12-29-15-98940-001-0030 | Improvements Assessment | $648,055 CAD |
| Land Assessment | $478,615 CAD | Total Assessment | $1,126,669 CAD |
Property Taxes
Parcel Number
12-29-15-98940-001-0030
Land Assessment
$478,615 CAD
Improvements Assessment
$648,055 CAD
Total Assessment
$1,126,669 CAD
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Hercules Professional Center | 701 N Hercules Ave
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