Shopping Factory Outlet
The Piers | High Yield | Low PPF | Tampa MSA
6411 Tacoma Dr, Port Richey, FL 34668
Listing Price: $7,066,000
Cap Rate
7.75%
Rentable SF
91,000
Lot Size
8.40 acres
Year Built
2012
Investment Overview
Marcus & Millichap is pleased to present a value add upside - incredible opportunity located at 6411 Tacoma Drive, Port Richey, FL.
The Piers | High Yield | Low PPF | Tampa MSA
Investment Highlights
- Occupancy: The Subject Property is currently occupied by a high performing Burlington Coat Factory taking 65,000 SF with a 26,000 SF endcap being delivered vacant.
- Strong In Place Yield: Opportunity to acquire the property at a 7.75% cap rate on current income allowing an investor to have strong cash flow while adding value.
- Roof Replacement: A brand-new roof was recently installed across the entire building, providing long-term durability and minimizing future capital expenditure needs.
Exclusively Listed By
Financing By
Shopping Factory Outlet
The Piers | High Yield | Low PPF | Tampa MSA
Listing Price: $7,066,000
Cap Rate
7.75%
Rentable SF
91,000
Lot Size
8.40 acres
Year Built
2012
Investment Highlights
- Occupancy: The Subject Property is currently occupied by a high performing Burlington Coat Factory taking 65,000 SF with a 26,000 SF endcap being delivered vacant.
- Strong In Place Yield: Opportunity to acquire the property at a 7.75% cap rate on current income allowing an investor to have strong cash flow while adding value.
- Roof Replacement: A brand-new roof was recently installed across the entire building, providing long-term durability and minimizing future capital expenditure needs.
Investment Overview
Marcus & Millichap is pleased to present a value add upside - incredible opportunity located at 6411 Tacoma Drive, Port Richey, FL.
Exclusively Listed By
Financing By
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