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Martin Luther King Professional Center 12,672 SF 100% Leased Office Building Tampa, FL 33603 $4,048,168 CAD ($319.46 CAD/SF) 6% Cap Rate



EXECUTIVE SUMMARY
This property consists of three parcels with a combined total of lot size 29,400 square feet: a 15,600 SF lot, a 7,800 SF lot, and a 6,000 SF lot. Fantastic Office/retail strip center centrally located in the heart of Tampa!!! Great Tenant Mix, One mile west of I-275, St. Joseph's Medical & Legal District, and Close proximity to downtown. This professional office building is situated on W. Dr. Martin Luther King Jr. Blvd. just E. of the River. This property sits in the heart of 4 highly desirable areas; St. Joseph's Medical & Legal District, S. Seminole Heights, N. Riverside Heights, and Tampa Heights (home to Stetson Law School and relocation area to Orlando’s 2nd District Court of Appeals! and the new Hillsborough County Bar Association). The property boasts close proximity to St. Joseph’s Hospital. The property has a nice mix of tenants mostly medical-related. This property also offers ample parking with enough spaces to accommodate all needs. Units are also allocated with signage on MLK Blvd. This property consists of two stand alone buildings with one building roughly 4000sq ft and the other roughly 8000sq ft. Call today to set up as showing!!!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
12,672 SF
Building Class
C
Year Built
1975
Price
$4,048,168 CAD
Price Per SF
$319.46 CAD
Cap Rate
6%
NOI
$242,890 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,336 SF
Slab To Slab
12’
Building FAR
1.62
Lot Size
0.18 AC
Zoning
CN
Parking
40 Spaces (3.16 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Central Heating
- Air Conditioning
1 1
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | A-11-29-18-4HA-000001-00009.0 | Improvements Assessment | $896,521 CAD |
| Land Assessment | $334,576 CAD | Total Assessment | $1,231,098 CAD |
PROPERTY TAXES
Parcel Number
A-11-29-18-4HA-000001-00009.0
Land Assessment
$334,576 CAD
Improvements Assessment
$896,521 CAD
Total Assessment
$1,231,098 CAD
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Martin Luther King Professional Center
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