Listed by La Rosa Realty
$3,400,000
7292 4th St N
Details
Property Type Office
Sub Type Creative Office, Executive Office
Square Footage 8,700
Net Rentable (SqFt) 7,819
Units 3
Cap Rate 6.50%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 5
Lease Expiration 05/31/2027
Remaining Term 4
Rent Bumps Yes
Lease Options None currently
Broker Co-Op Yes
Class A
Year Built 1991
Year Renovated 2001-2, 2014, 2017, 2018, 2018, 2022-23
Buildings 1
Stories 1
Lot Size (SqFt) 27,000
Zoning CCS-1
Parking Spaces 29 spaces
Parking Per SqFt 3.33
Investment Type Owner/User
Tenant Credit Corporate Guarantee
Lease Commencement 06/01/2022
Occupancy Date 08/21/2023
Ground Lease No
Ownership St. Andrews Equities LLC
Sale Condition For sale by owner
3 Suite Office Bldg | 6.50% CAP | 8,700 SF
Marketing description
I'm selling an upgraded Class A 3 suite office building on a major commercial thoroughfare into downtown Saint Petersburg. It's now virtually a turnkey medical (or could be dental) office but it is easily adaptable to another professional or general office. 3 suites, all remodeled. One houses a national PT company tenant who just finished the 1st year of a 5 years lease, their third renewal, @ 28.85 psf rent NNN. I am a L.R.E.B. and also a physician & occupy the other 2 suites - may retire, sell my practice, etc. Tampa Bay area recently named #1 retirement destination for physicians and Pinellas County is the most densely populated county in Florida, which continues to grow rapidly.
Investment highlights
- Lot: Corner location w/ entrance/exits via 4th Street North & 73rd Avenue. Size: 27,000 sq. ft. Shrubbery, palm trees, oak & pine trees, shrubbery around perimeter and building. Inground sprinkler system.
- Building: 8700 gross sq. ft., 7819 rsf. 3 Suites - each with 1-2 separate entrances. Recently painted. Perimeter sidewalk on 2 sides. Concrete security fence on south & west perimeters. Metal roof covered with Karnak silicone sealant.
Listing Contacts
Listed by La Rosa Realty
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