Office
McBride Office
4403 62nd Ave N, Pinellas Park, FL 33781
Listing Price: $1,525,000
Investment Overview
Marcus & Millichap is pleased to present 4403 62nd Avenue, a fully leased, multi-tenant building strategically located in the heart of Pinellas Park, within the thriving South Pinellas submarket. Originally constructed in 1966 as a retail strip center, the building has since been repositioned to serve as a single-story commercial property, offering a total of 13,428 square feet of Gross Leasable Area on 0.65 acres of land.
This masonry-constructed facility is now 100% leased, delivering reliable cash flow backed by a diverse mix of tenants. Additionally, recent leasing activity demonstrates strong market demand, and supports rent of $13/SF NNN, leaving an investor strong upside considering average rents now are $10.75/SF gross. These factors make this asset a compelling investment opportunity in a core Tampa Bay MSA location.
McBride Office
Investment Highlights
- Stabilized, Income Producing Asset with a Strong and Diverse Tenant mix Including Office, Retail, and Flex Users
- 100% Leased at Close, With Several Tenants on Shorter-Term Leases That Allow for Future Rent Growth
- High visibility Location Along 62nd Avenue North, a Heavily Trafficked Arterial in Central Pinellas Park
- Roof Renovations: Targeted Roof Sections Currently Being Upgraded to Improve Durability and Reduce Maintenance
- New HVAC Units: Multiple new HVAC Units Installed Throughout the Property, Enhancing Energy Efficiency and Tenant Experience
- Resurfaced Parking lot: Freshly Resurfaced Parking Improves Curb Appeal, Safety, and Functionality for Tenants and Visitors
- Flexible Floor Plans Accommodate Small to mid Sized Businesses, Supporting Tenant Retention and Leasing Velocity
Exclusively Listed By
Listing Price: $1,525,000
Investment Highlights
- Stabilized, Income Producing Asset with a Strong and Diverse Tenant mix Including Office, Retail, and Flex Users
- 100% Leased at Close, With Several Tenants on Shorter-Term Leases That Allow for Future Rent Growth
- High visibility Location Along 62nd Avenue North, a Heavily Trafficked Arterial in Central Pinellas Park
- Roof Renovations: Targeted Roof Sections Currently Being Upgraded to Improve Durability and Reduce Maintenance
- New HVAC Units: Multiple new HVAC Units Installed Throughout the Property, Enhancing Energy Efficiency and Tenant Experience
- Resurfaced Parking lot: Freshly Resurfaced Parking Improves Curb Appeal, Safety, and Functionality for Tenants and Visitors
- Flexible Floor Plans Accommodate Small to mid Sized Businesses, Supporting Tenant Retention and Leasing Velocity
Investment Overview
Marcus & Millichap is pleased to present 4403 62nd Avenue, a fully leased, multi-tenant building strategically located in the heart of Pinellas Park, within the thriving South Pinellas submarket. Originally constructed in 1966 as a retail strip center, the building has since been repositioned to serve as a single-story commercial property, offering a total of 13,428 square feet of Gross Leasable Area on 0.65 acres of land. This masonry-constructed facility is now 100% leased, delivering reliable cash flow backed by a diverse mix of tenants. Additionally, recent leasing activity demonstrates strong market demand, and supports rent of $13/SF NNN, leaving an investor strong upside considering average rents now are $10.75/SF gross. These factors make this asset a compelling investment opportunity in a core Tampa Bay MSA location.
Exclusively Listed By
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