Office
100% Occupied Multi-Tenant Office Building | Below Market Rents | Dense Infill Market
31089 US Hwy 19 N, Palm Harbor, FL 34684
Listing Price: $585,000
Cap Rate
7.37%
Gross SF
5,000
Rentable SF
5,000
Price/Gross SF
$117.00
Lot Size
1.55 acres
Year Built
2000
Investment Overview
Marcus & Millichap is pleased to bring to market a Five-Unit Office Building located in Palm Harbor, FL.
100% Occupied Multi-Tenant Office Building | Below Market Rents | Dense Infill Market
Investment Highlights
- 5,000-Sq.Ft. Five-Unit Multi-Tenant Center | 100% Occupied by Local Tenants
- Average Occupied Rent is $15/SF | North Pinellas Submarket Average Rent PSF is $23.10
- Strategically Positioned off US Highway-19 with Access & Exposure to Over 80,000+ VPD
- Situated Near Multiple National Tenants Such as Planet Fitness, Publix, Home Depot, CVS, Walgreens, Petco, CubeSmart, BMW, Circle K, Dollar Tree and More
- Dense & Affluent Demographics | 200,000+ Residents Within a 5-Mile Radius | Average Household Incomes in Excess of $91,000 within 1-Mile Radius
- Among Metropolitan Areas with a Population of Two Million or More, Tampa Remained in the Top 10 Markets for Rent Growth Rate. As of Q12022, Southeast Hillsborough Submarket Rents Grew by 6.9% over the past 12 months
- Tampa's Retail Sector has Proven Largely Resilient to the Pandemic, with Tight Retail Fundamentals and a Generally Flat Vacancy Rate Since 20Q1 (3.60% Vacancy) | Southeast Hillsborough Submarket Vacancy is 2.2%
- Florida State Benefits from No State Income Taxes
Exclusively Listed By
Financing By
Office
100% Occupied Multi-Tenant Office Building | Below Market Rents | Dense Infill Market
Listing Price: $585,000
Cap Rate
7.37%
Gross SF
5,000
Rentable SF
5,000
Price/Gross SF
$117.00
Lot Size
1.55 acres
Year Built
2000
Investment Highlights
- 5,000-Sq.Ft. Five-Unit Multi-Tenant Center | 100% Occupied by Local Tenants
- Average Occupied Rent is $15/SF | North Pinellas Submarket Average Rent PSF is $23.10
- Strategically Positioned off US Highway-19 with Access & Exposure to Over 80,000+ VPD
- Situated Near Multiple National Tenants Such as Planet Fitness, Publix, Home Depot, CVS, Walgreens, Petco, CubeSmart, BMW, Circle K, Dollar Tree and More
- Dense & Affluent Demographics | 200,000+ Residents Within a 5-Mile Radius | Average Household Incomes in Excess of $91,000 within 1-Mile Radius
- Among Metropolitan Areas with a Population of Two Million or More, Tampa Remained in the Top 10 Markets for Rent Growth Rate. As of Q12022, Southeast Hillsborough Submarket Rents Grew by 6.9% over the past 12 months
- Tampa's Retail Sector has Proven Largely Resilient to the Pandemic, with Tight Retail Fundamentals and a Generally Flat Vacancy Rate Since 20Q1 (3.60% Vacancy) | Southeast Hillsborough Submarket Vacancy is 2.2%
- Florida State Benefits from No State Income Taxes
Investment Overview
Marcus & Millichap is pleased to bring to market a Five-Unit Office Building located in Palm Harbor, FL.
Exclusively Listed By
Financing By
