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Single-Tenant Office

9929 Race Track Rd

9929 Race Track Rd, Tampa, FL 33626

Listing Price: $2,795,000

Cap Rate
8.44%
Gross SF
14,700
Rentable SF
14,700
Price/Gross SF
$190.14
Lot Size
0.95 acres
Year Built
2002

Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire this single tenant absolute net leased office property. The property is leased to Credit Control LLC with 7 years remaining on the lease and 3% annual escalations. The tenant is responsible for all expenses, property maintenance and repair and replacement of capital items. The tenant has been occupying and operating out of their space throughout the pandemic. The current owner has put over $600,000 into interior improvements and $600,000 into shell/exterior improvements.
There is an additional 8.9 acre parcel of land adjacent to this property that is also available and is entitled for a 40,000 square foot building.

Investment Highlights

  • Absolute Net Lease with 6+ Years Remaining
  • Strong Tenant-Occupying and Operating in the Building
  • Over 1 Million in Capital Improvements and Interior Renovations - 2016

Exclusively Listed By

Single-Tenant Office

9929 Race Track Rd

Listing Price: $2,795,000

Cap Rate
8.44%
Gross SF
14,700
Rentable SF
14,700
Price/Gross SF
$190.14
Lot Size
0.95 acres
Year Built
2002

Investment Highlights

  • Absolute Net Lease with 6+ Years Remaining
  • Strong Tenant-Occupying and Operating in the Building
  • Over 1 Million in Capital Improvements and Interior Renovations - 2016

Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire this single tenant absolute net leased office property. The property is leased to Credit Control LLC with 7 years remaining on the lease and 3% annual escalations. The tenant is responsible for all expenses, property maintenance and repair and replacement of capital items. The tenant has been occupying and operating out of their space throughout the pandemic. The current owner has put over $600,000 into interior improvements and $600,000 into shell/exterior improvements.
There is an additional 8.9 acre parcel of land adjacent to this property that is also available and is entitled for a 40,000 square foot building.

Exclusively Listed By

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