15953 N Florida Avenue, Lutz, FL 33549

Transcription

1 PRIME NNN MEDICAL INVESTMENT/LAKE MAGDALENE AREA! OFFERING SUMMARY Sale Price: $499,000 Cap Rate: 9.73% NOI: 48,564 Available SF: 100% occupancy Lot Size: 0.06 Acres Year Built: 2005 Building Size: 2,480 SF Renovated: 2018 Zoning: CN Market: Tampa/St. Pete /Clearwater PROPERTY OVERVIEW PRIME NNN Medical Investment! Absolute NNN Lease with United Health Group with a 9.73% cap rate, in desirable Lake Magdalene in Lutz/North Tampa area, located near I-275 entrance, and convenient to N. Dale Mabry Hwy. Easily access from Carrollwood, Lutz, and USF medical area. This opportunity won't last long! This newer construction Freestanding Waterford construction building was built in 2005 with recent tenant medical upgrades, tile floors, medical plumbing and sinks in exam rooms, is located in a 3 Professional Office building park (Stonewood Office Park) with CN (commercial neighborhood) zoning located directly on N. Florida Ave. with excellent visibility and signage. Owner owns.06 acre pad lot as well. Prime Investment opportunity with long term lease and renewals with WellMed, a United Health Group. WellMed network has over 16,000 physician offices in Florida and Texas. Current lease term expires May 2023, and has renewal options. Tenant pays all NNN expenses (Property taxes, Insurance, and CAM association fees). Base rent Net income after expenses is $48,564. Lease escalates by 1% annually at renewal in Current base lease rate is $19.58/SF, plus $7.03/SF NNN. Tenant responsible for all repairs and maintenance other than roof and foundation. Price / SF: $201.21

2 PROPERTY DESCRIPTION PROPERTY OVERVIEW PRIME NNN Medical Investment! Absolute NNN Lease with United Health Group with a 9.73% cap rate, in desirable Lake Magdalene in Lutz/North Tampa area, located near I-275 entrance, and convenient to N. Dale Mabry Hwy. Easily access from Carrollwood, Lutz, and USF medical area. This opportunity won't last long! This newer construction Freestanding Waterford construction building was built in 2005 with recent tenant medical upgrades, tile floors, medical plumbing and sinks in exam rooms, is located in a 3 Professional Office building park (Stonewood Office Park) with CN (commercial neighborhood) zoning located directly on N. Florida Ave. with excellent visibility and signage. Owner owns.06 acre pad lot as well. Prime Investment opportunity with long term lease and renewals with WellMed, a United Health Group. WellMed network has over 16,000 physician offices in Florida and Texas. Current lease term expires May 2023, and has renewal options. Tenant pays all NNN expenses (Property taxes, Insurance, and CAM association fees). Base rent Net income after expenses is $48,564. Lease escalates by 1% annually at renewal in Current base lease rate is $19.58/SF, plus $7.03/SF NNN. Tenant responsible for all repairs and maintenance other than roof and foundation. Passive investment with Association in place to handle management of all common areas. Perfect for any investor or 1031 exchange! Please do not disturb tenant. Contact broker for information and appointment. LOCATION OVERVIEW Located in a Waterford Office Park, Stonewood Professional Office Park.

3 COMPLETE HIGHLIGHTS SALE HIGHLIGHTS 9.73% CAP rate, PRIME Medical NNN Investment opportunity! Leased to WellMed (United Health Group) True NNN Lease with $48,564 NET annual income after expenses, 5 years remaining plus renewals Desirable location in Stonewood Professional Office Park with Lutz/Carrollwood/ University medical area access High quality Waterford construction built in 2005 and recent medical upgrades by tenant Perfect passive investment with Association in place! Ideal for 1031 exchange or any investor

4 ADDITIONAL PHOTOS

5 LOCATION MAPS

6 DEMOGRAPHICS MAP & REPORT POPULATION 1 MILE 3 MILES 5 MILES Total population 5,554 69, ,191 Median age Median age (Male) Median age (Female) HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 2,392 28,404 76,336 # of persons per HH Average HH income $76,090 $59,743 $63,397 Average house value $224,548 $235,466 $265,062 * Demographic data derived from 2010 US Census

7 FINANCIAL SUMMARY INVESTMENT OVERVIEW Price $499,000 Price per SF $ CAP Rate 9.73% OPERATING DATA Gross Scheduled Income $66,000 Other Income - Total Scheduled Income $66,000 Vacancy Cost $0 Gross Income $66,000 Operating Expenses $17,436 Net Operating Income $48,564

8 RENT ROLL UNIT PRICE TENANT UNIT SIZE LEASE LEASE ANNUAL % OF PER NAME NUMBER (SF) START END STATUS LENGTH RENT BUILDING SF/YR WellMed-United ,480 5/2018 5/ Renews May 5 years $65, $26.61 Health Group / Annual escalations thereafter at 1% Totals/ Averages 2,480 $65,993 $26.61 All NNN Operating Expenses Paid By Tenant- $17,436 Annual Actual Net Operating Income- $48,564 Annual

9 AERIAL MAPS

10 RETAILER MAP

11 ADVISOR BIO KARI L. GRIMALDI/ BROKER President/ Broker PROFESSIONAL BACKGROUND Kari Grimaldi is a Managing Broker/President of Grimaldi Commercial Realty Corp. and commercial real estate expert. Kari has quickly climbed the ranks of who s who in Tampa Bay Area Commercial Real Estate to become a Top Producer. Learning & joining the family business at an early age, Kari understands the importance of networking and building relationships, and has accumulated 20+ years of experience and in-depth knowledge to execute and navigate commercial real estate transactions for Sellers, Buyers, and Landlords/Tenants from inception to closing. Kari has an extensive resume with some of the highlights listed below: 115 W Bearss Ave Tampa, FL T C FL #BK Areas of Expertise: Office and Build to Suit Sales & Leasing Medical Office Sales & Leasing Resale & Leasing of Office Parks Retail Sales & Leasing Industrial Sales & Leasing Multi family Investments Single NNN National Investments Land & Commercial Development Foreign Investors & Investment Specialist Seller Finance and Creative Financing 1031 & Reverse Exchanges Short Sales & Distressed/Bank-owned assets As a commercial real estate owner and investor herself, she knows first hand how to guide others through the process, and negotiate and close transactions successfully. Kari has a vast portfolio of closed transactions in all sectors of the commercial market, and is a multi-million dollar sales producer. EDUCATION A Florida native, Kari earned her Bachelors at University of Florida in Management and Psychology, and a Masters at University of South Florida. A consummate professional, Kari is continually educating herself on the latest economic and market trends with continuing education, seminars and networking. MEMBERSHIPS & AFFILIATIONS Member of NAR, FAR, and FGCAR- Association of Realtors REIC Member- Real Estate Investment Council CCIM Candidate- Certified Commercial Investment Member ICSC Member- International Council of Shopping Centers

12 COMPANY BIO GRIMALDI COMMERCIAL REALTY CORP. COMPANY BACKGROUND AND SERVICES EST. 1975, EXPERIENCE IS THE DIFFERENCE Grimaldi Commercial Realty Corp. has been serving the Tampa Bay and surrounding areas in Florida since Our vast experience and unparalleled knowledge and presence in the local market makes us the professional of choice in commercial real estate and investment properties. We have the Commercial and Investment markets totally unmatched with a team of experienced agents that specialize in all sectors of the commercial market: Seller & Buyer Representation Landlord & Tenant Representation Investment & Financial Analysis Property Valuation Short sales & Foreclosures Property Management Multifamily and Income Producing Investments Land Sales & Development Retail and Office Sales & Leasing Industrial Sales & Leasing We utilize the latest in technology being affiliated with over 40+ local, national, and international commercial marketing sites to aggressively market and move our listings to closing quickly. Grimaldi Commercial Realty Corp. performs a careful assessment of each client s needs before creating the perfect and specialized marketing plan for each property. Our philosophy of continuing hands-on involvement throughout the entire process has led to continued success and growth since One of Tampa Bay s premier and acknowledged commercial real estate experts, Grimaldi Commercial Realty Corp. provides a personalized and professional service approach with a history of long-term client relationships. Contact your Sales & Leasing Staff at Grimaldi Commercial Realty Corp.