About This Property

This prime location offers signage, excellent visibility and accessibility, positioned along a bustling commercial corridor with proximity to major roadways such as Florida’s Turnpike and University Drive. The property comprises 33,178 SF of office space, situated on a 115,998 SF lot with 85 parking spaces, offering a total of 20 units within this corporate center. The property also offers 7,000 SF of contiguous space, ideal for an owner-user while maintaining income from the remaining tenants. Currently 78% occupied by twelve tenants, the property generates $584k annually with a 8% actual capitalization rate. An investor can lease out the vacant units at market rates to increase the annual net income to $799,247, providing a strong 11% pro-forma cap rate. This prime location and value-driven pricing make it an unparalleled opportunity for investors.

Key Features

• 115,998 sq ft Lot
• Built in 1984

Property Details

• Type: Single Family Home
• Year Built: 1984
• Lot Size: 2.66 Acres
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 115,998 sq ft Lot
• Feature: Built in 1984
• Status: Active
• MLS Number: 1118053786
• Days on Market: 650
• Listed By: RE/MAX 5 Star Realty · John DeMarco
• Zip Code: 33319