Mixed-Use
13,720-SF Retail/Office Plaza | 95% Occupied | Short Term Leases/Below Market Rent | South Tampa
4332 W El Prado Blvd, Tampa, FL 33629
Listing Price: $3,433,712
Cap Rate
6.00%
Number of Suites
2
Gross SF
13,720
Rentable SF
13,720
Price/Gross SF
$250.27
Lot Size
0.47 acres
Year Built
1971
Investment Overview
Marcus & Millichap is pleased to bring to market the 13,720 SF Multi-Tenant Retail/Office Plaza located in Tampa, FL.
13,720-SF Retail/Office Plaza | 95% Occupied | Short Term Leases/Below Market Rent | South Tampa
Investment Highlights
- 95.24% Occupied 13,720-SF Multi-Tenant Retail/Office Plaza | 6 Retail Suites on 1st Floor (7,613-SF) | 20 Office Suites on 2nd Floor (6,107-SF)
- Short Term Leases with Auto Renewals and 3-7% Annual Rental Increases | Weighted Average Rent is $21.46/SF | Submarket Average Rents are $31/SF
- 55.49% of Total GLA Consisting of 1st Floor is on NNN Leases | Upstairs Office is all Gross
- Recent Capital Improvements Include Parking Lot Striped and Sealed in 2021
- Corner Lot with Easy Access & Exposure to 23,000+ VPD | Proximity to Major Arteries & Downtown Tampa
- South Tampa is a High Barrier to Entry Submarket | High Intrinsic Value and Limited Supply
- Proximity to MacDill Air Force Base | 20,000+ Stationed and $4.98B Economic Impact
- Excellent Demographics | 156,000+ Residents within 5 Miles with AHHI in Excess of $121,000
Exclusively Listed By
Financing By
Mixed-Use
13,720-SF Retail/Office Plaza | 95% Occupied | Short Term Leases/Below Market Rent | South Tampa
Listing Price: $3,433,712
Cap Rate
6.00%
Number of Suites
2
Gross SF
13,720
Rentable SF
13,720
Price/Gross SF
$250.27
Lot Size
0.47 acres
Year Built
1971
Investment Highlights
- 95.24% Occupied 13,720-SF Multi-Tenant Retail/Office Plaza | 6 Retail Suites on 1st Floor (7,613-SF) | 20 Office Suites on 2nd Floor (6,107-SF)
- Short Term Leases with Auto Renewals and 3-7% Annual Rental Increases | Weighted Average Rent is $21.46/SF | Submarket Average Rents are $31/SF
- 55.49% of Total GLA Consisting of 1st Floor is on NNN Leases | Upstairs Office is all Gross
- Recent Capital Improvements Include Parking Lot Striped and Sealed in 2021
- Corner Lot with Easy Access & Exposure to 23,000+ VPD | Proximity to Major Arteries & Downtown Tampa
- South Tampa is a High Barrier to Entry Submarket | High Intrinsic Value and Limited Supply
- Proximity to MacDill Air Force Base | 20,000+ Stationed and $4.98B Economic Impact
- Excellent Demographics | 156,000+ Residents within 5 Miles with AHHI in Excess of $121,000
Investment Overview
Marcus & Millichap is pleased to bring to market the 13,720 SF Multi-Tenant Retail/Office Plaza located in Tampa, FL.
Exclusively Listed By
Financing By
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