Shopping Strip

6520 US Highway 301

Listing Price: $720,000

Cap Rate
9.76%
Gross SF
6,942
Rentable SF
6,942
Price/Gross SF
$103.72
Lot Size
0.16 acres
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire this 7,000 square foot single tenant private school investment in Tampa, Florida. The investment consists of 6 condominium units in a forty-unit complex. The property was developed in 2008 and individual condos have been sold in the park at well above the current asking price. A new owner will benefit from limited landlord responsibilities. The tenant has a long history at the property and recently extended their lease early. Five of the six units are still demised into their original 1,157 square feet except for two which have been combined into a 2,300 square foot unit. Each unit contains its own bathroom.

The property is well located off of a main thoroughfare in Tampa Bay with an average daily traffic count of 150,000 and is surrounded by multiple residential developments, schools and retailers.

Investment Highlights

  • 100% Occupied
  • Limited Landlord Responsibilities
  • Newer Construction

Exclusively Listed By

Listing Price: $720,000

Cap Rate
9.76%
Gross SF
6,942
Rentable SF
6,942
Price/Gross SF
$103.72
Lot Size
0.16 acres
Year Built
2008

Investment Highlights

  • 100% Occupied
  • Limited Landlord Responsibilities
  • Newer Construction

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire this 7,000 square foot single tenant private school investment in Tampa, Florida. The investment consists of 6 condominium units in a forty-unit complex. The property was developed in 2008 and individual condos have been sold in the park at well above the current asking price. A new owner will benefit from limited landlord responsibilities. The tenant has a long history at the property and recently extended their lease early. Five of the six units are still demised into their original 1,157 square feet except for two which have been combined into a 2,300 square foot unit. Each unit contains its own bathroom.

The property is well located off of a main thoroughfare in Tampa Bay with an average daily traffic count of 150,000 and is surrounded by multiple residential developments, schools and retailers.

Exclusively Listed By

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