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21323764
21323765

801 W Bay Dr, Largo, FL 33770

DG
FL SL3422521
Marcus & Millichap
RT
FL FL SL3442474
Marcus & Millichap
GP
FL SL3591954
Marcus & Millichap
EC
FL SL3433461
Marcus & Millichap
Listed by Marcus & Millichap
$5,800,000
499 days on market
Updated 2 days ago
Opportunity zone

West Bay Center

Details
APN 33-29-15-25392-000-0010
Property Type Office
Sub Type Traditional Office
Square Footage 94,889
Net Rentable (SqFt) 75,000
Cap Rate 8.45%
NOI $490,013
Occupancy 60%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 12.57%
Pro-Forma NOI $729,188
Price per SqFt $61
Class B
Year Built 1973
Year Renovated 2024
Buildings 1
Stories 8
Acreage 3.010
Zoning CRD, Largo
Investment Type Value Add
Ownership Fee Simple

Value Add Reposition

Marketing description

Marcus & Millichap Real Estate Investment Services of Florida, Inc. is pleased to present 801 West Bay in Largo, FL. The asset offers a unique opportunity for investors seeking high-potential, income-generating properties in well-established markets. Located in the heart of Pinellas County, 801 West Bay is an office tower situated as an outparcel to a Publix supermarket, providing excellent visibility and access. The property is surrounded by a diverse mix of economic drivers, including the Pinellas County Public Schools Administrative Services, ongoing multi-family and mixed-use developments, and the area's world-renowned beach communities. With targeted leasing efforts, the asset has significant upside potential for further stabilization and income growth.

Investment highlights

One Office Tower Located in the Largo/Greater Pinellas County Market

801 West Bay is an Outparcel to a Publix With 8 Stories and Strong Upside Potential

Located Near Beach Communities Offering High in Demand Micro Suite and Midsize Office Suites

Listing Contacts

DG
FL SL3422521
Marcus & Millichap
RT
FL FL SL3442474
Marcus & Millichap
GP
FL SL3591954
Marcus & Millichap
EC
FL SL3433461
Marcus & Millichap
Listed by Marcus & Millichap

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$490,013.00
$40,834.42/mo

Valuation Metrics

0
DSCR
8.45%
Cap Rate
8.45%
ROI

Map

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Additional Information

Name
Devin Guilliams
License
SL3422521
Name
Reid Thedford
License
FL SL3442474
Brokerage
Marcus & Millichap
Brokerage Phone
(813) 387-4726
Title
Senior Director Investments
Name
Gabe Paterson
License
SL3591954
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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