Office Property For Sale

Investment - 2-Story Office, 5-Year Lease

2002 E. 4th Ave., Tampa, FL 33605

Price:
$499,000
Building Size:
3,000 SF
Price/SF:
$166.33
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Net Lease Investment with 5 years left on lease
Cap Rate:
7%
Occupancy:
100%
No. Stories:
2
Building Class:
A
Tenancy:
Single
Year Built:
2000
Lot Size:
7,319 SF
Parking Ratio:
5 / 1,000 SF
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Last Verified 2/3/2010 Listing ID 16417811

Highlights

Stable investment opportunity
2,620 ± SF, 2 Story Casita
Situated on 7,319 ± SF of land, includes 1 vacant parcel

Built new to historic standard in 2000
Located in the Heart of Ybor City, contiguous to Lion's Eye Institute's historic cigar factory building.
Income-producing

Description

New modified gross lease to law firm, 5-year term with annual rent escalations in place. Built new to historic standard in 2000.
3,000 ± SF, 2-Story Casita.
Situated on 7,319 ± SF of land, includes 1 vacant parcel.

Located in the Heart of Ybor City.
Close proximity to I-4, I-275, Crosstown Expressway, and TIA.

Attachments

Survey(54 KB)
Property Flyer(620 KB)

Financial Summary

Proforma
Year
2010
Scheduled Gross Income
$43,200
Effective Gross Income
$43,200
Operating Expenses
$8,000
Net Operating Income
$35,200
Pre-Tax Cash Flow
$35,200

Map of 2002 E. 4th Ave., Tampa, FL 33605 (Hillsborough County)

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Camille Renshaw (813) 221-2290

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Created 10/2/2009

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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