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27799706
27799707

6967 Sunset Dr S, South Pasadena, FL 33707

LW
FL FL 334670, FL BK334670
All Sails Real Estate
Listed by All Sails Real Estate
$959,000
224 days on market
Updated 2 days ago

3 UNIT office building

Details
Property Type Office
Sub Type Creative Office, Medical Office (+1)
Square Footage 3,536
Net Rentable (SqFt) 2,750
Units 15
Cap Rate 3.67%
NOI $35,150
Occupancy 100%
Tenancy Multi
Lease Type Modified
Lease Expiration 08/31/2026
Remaining Term 0.2
Rent Bumps Yes
Pro-Forma Cap Rate 6.04%
Pro-Forma NOI $57,950
Price per SqFt $271
Broker Co-Op Yes
Class B
Year Built 1976
Year Renovated 1999, 2019, 2025
Buildings 1
Stories 1
Acreage 0.290
Zoning CG
Parking Spaces 15 spaces
Parking Per SqFt 4.24
Investment Type Owner/User
Ownership Fee Simple
Sale Condition For sale by owner

SOUTH PASADENA MULTI TENANT OFFICE BUILDING

Marketing description

3 unit “L” shaped office building in very serene location of South Pasadena. Nicely maintained. Freshly painted exterior. 4 bathrooms, 15 parking spaces. Largest unit (1450 s/f) recently vacated by an occupant for nearly 20 years. Mid sized office (810 s/f) is owner occupied by a retiring Realtor. Smallest unit (490 s/f) is occupied and used as an artist studio for the past 9 years. All sizes are MOL. Situated on a nice lot 107’ x 120’ behind Publix supermarket on Pasadena Ave. S. NO WATER INTRUSION in the building from Hurricane Helene flooding of 2024. Wally Watt shed included in sale did take on water. There is a 12 foot elevation according to the 1999 survey when the building was purchased by the current owner. It is higher than the surrounding properties. Roof was replaced in 2019. Owner is Realtor and listing agent. Call listing agent cell for showings 727-455-6714.

Investment highlights

DIDN’T FLOOD DURING HURRICANE HELENE!

SERENE LOCATION, COVETED SOUTH PASADENA, CLOSE TO BEACHES.

30 MINUTES TO TAMPA INTERNATIONAL AIRPORT.

Listing Contacts

LW
FL FL 334670, FL BK334670
All Sails Real Estate
Listed by All Sails Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$35,150.00
$2,929.17/mo

Valuation Metrics

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DSCR
3.67%
Cap Rate
3.67%
ROI

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Additional Information

Name
LuAnne Woods
License
FL 334670
Brokerage
All Sails Real Estate
Brokerage Phone
727-823-5855
Title
LuAnne Woods, broker
Brokerage Address
6967 Sunset Drive South
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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