6938 Medical View Lane

    Zephyrhills, FL 33542
    • $825,000
    • STATUS: Closed
    • ON SITE: 111 days
    • MLS #: E2205738
    Sold - 05/17/2018
    $825,000
    SOLD - 05/17/2018
    • 0
      BEDS
    • 0.55
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,500
      SQFT
    • $183
      $/SQFT
    Type:
    Multi-Family
    Built:
    2006
    County:
    Area:

    School Ratings & Info

    Listing information courtesy of Bingham Realty, Inc..

    Description

    BEAUTIFUL PROFESSIONAL OFFICE BUILDING WITH TWO STRONG INCOME A+ RATED TENANTS OFFERED AT AN APPROXIMATE 9.5% CAP RATE!!! THIS 4,500 SQ FT 2006 CONCRETE BLOCK CONSTRUCTED CONTEMPORARY PROFESSIONAL COMMERCIAL BUILDING IN THE DAUGHTERY RD PROFESSIONAL PARK CONSISTS OF TWO IDENTICAL SIZE UNITS (2,250 SQ FT EACH UNIT) WITH A SOLID NOI IN A COMBINATION OF FULL SERVICE AND NNN LEASES. MEDICAL BASED TENANTS WITH SIGNIFICANT BUILDOUT INVESTMENTS IN EACH SITE. TENANT "A HAS APPROXIMATELY 2 YRS REMAINING WITH OPTIONS TO EXTEND THROUGH THE END OF DECEMBER 2021. TENANT "B EXTENSIONS CURRENTLY BEING NEGOTIATED TO EXTEND THROUGH APRIL 2021. UNITS ARE IN EXCELLENT CONDITION WITH PLUMBING AND CABINETRY IN PLACE. PARKING LOT HAS BEEN FRESHLY RESTRIPED AND SEALED, AND INTERIOR OF UNITS HAVE BEEN RECENTLY PAINTED. THE OFFICE PARK OFFERS TWO MONUMENT SIGNS WITH RIGHTS FOR ALL TENANTS. LOW PARK HOA FEES OF ONLY $100 PER MONTH. THE PROFESSIONAL PARK IS 100% OCCUPIED AND PROFESSIONALLY MANAGED MAINTAINING STRENGTH AND INTEGRITY FOR INVESTORS & OWNERS. EXCELLENT LOCATION ADJACENT TO FLORIDA HOSPITAL ZEPHYRHILLS. MORE DETAILED INFORMATION AVAILABLE UPON EXECUTION OF CONFIDENTIALITY AGREEMENT. SHOWN BY AFTER-HOURS APPOINTMENTS ONLY. BEING OFFERED AT $870,000. **ADJACENT 4,500 SQ FT BUILDING ALSO FOR SALE AS A SEPERATE OFFERING - SALE OF TWO BUILDINGS CAN BE PACKAGED SIMULTANEOUSLY - CALL FOR MORE DETAILS** 1031 EXCHANGES AND FINANCING OFFERS WILL BE CONSIDERED. CALL TODAY!

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    © 2018 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2018-05-19T21:41:03.09.
    www.beachislandgroup.com/homes/80354859

    6938 Medical View Lane Zephyrhills, FL 33542

    • Price: $870,000
    • Status: Closed
    • MLS #: E2205738
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.55
    Acres
    4,500
    SQFT
    $183
    $/SQFT
    2006
    Built
    Neighborhood:
    Daughtery Road Professional Center 03
    County:
    Pasco
    Area:
    Zephyrhills
    Property Description
    BEAUTIFUL PROFESSIONAL OFFICE BUILDING WITH TWO STRONG INCOME A+ RATED TENANTS OFFERED AT AN APPROXIMATE 9.5% CAP RATE!!! THIS 4,500 SQ FT 2006 CONCRETE BLOCK CONSTRUCTED CONTEMPORARY PROFESSIONAL COMMERCIAL BUILDING IN THE DAUGHTERY RD PROFESSIONAL PARK CONSISTS OF TWO IDENTICAL SIZE UNITS (2,250 SQ FT EACH UNIT) WITH A SOLID NOI IN A COMBINATION OF FULL SERVICE AND NNN LEASES. MEDICAL BASED TENANTS WITH SIGNIFICANT BUILDOUT INVESTMENTS IN EACH SITE. TENANT "A HAS APPROXIMATELY 2 YRS REMAINING WITH OPTIONS TO EXTEND THROUGH THE END OF DECEMBER 2021. TENANT "B EXTENSIONS CURRENTLY BEING NEGOTIATED TO EXTEND THROUGH APRIL 2021. UNITS ARE IN EXCELLENT CONDITION WITH PLUMBING AND CABINETRY IN PLACE. PARKING LOT HAS BEEN FRESHLY RESTRIPED AND SEALED, AND INTERIOR OF UNITS HAVE BEEN RECENTLY PAINTED. THE OFFICE PARK OFFERS TWO MONUMENT SIGNS WITH RIGHTS FOR ALL TENANTS. LOW PARK HOA FEES OF ONLY $100 PER MONTH. THE PROFESSIONAL PARK IS 100% OCCUPIED AND PROFESSIONALLY MANAGED MAINTAINING STRENGTH AND INTEGRITY FOR INVESTORS & OWNERS. EXCELLENT LOCATION ADJACENT TO FLORIDA HOSPITAL ZEPHYRHILLS. MORE DETAILED INFORMATION AVAILABLE UPON EXECUTION OF CONFIDENTIALITY AGREEMENT. SHOWN BY AFTER-HOURS APPOINTMENTS ONLY. BEING OFFERED AT $870,000. **ADJACENT 4,500 SQ FT BUILDING ALSO FOR SALE AS A SEPERATE OFFERING - SALE OF TWO BUILDINGS CAN BE PACKAGED SIMULTANEOUSLY - CALL FOR MORE DETAILS** 1031 EXCHANGES AND FINANCING OFFERS WILL BE CONSIDERED. CALL TODAY!
    Exterior Features

    Architectural Style Other Carport Yn No Construction Materials BlockStucco Direction Faces West Lot Features In City LimitsNear Public TransitStreet Paved Lot Size Dimensions 165X145 Parking Features NoneOpen Pool Private Yn No Roof Shingle Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Cooling Central Air Heating Central Levels One Water Source Public

    Property Features

    Additional Parcels Yn No Annual Net Income 82678.00 Association Fee 1200.00 Association Fee Frequency Annually Association Fee Requirement Required Cdd Yn No Community Features Deed RestrictionsSidewalk Dpryn No Flood Zone Code X Garage Yn No Lease Term 3 To 5 Years Listing Terms CashConventionalOtherTrade Monthly Hoa Amount 100.00 New Construction Yn No Pet Restrictions Service Animals Only Pets Allowed Yes Property Sub Type Duplex Realtor Info No Sign Senior Community Yn No Special Listing Conditions None Tax Annual Amount 8476 Tax Year 2017 Total Num Buildings 1 Utilities Bb/Hs Internet AvailableCable ConnectedFire HydrantPublicUnderground Utilities Zoning Op

    Listing information courtesy of Bingham Realty, Inc..
    © 2018 My Florida Regional MLS. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.


    © 2018 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2018-05-19T21:41:03.09.
     
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    Listing information courtesy of Bingham Realty, Inc..