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Boardwalk of Riverview 10011-10021 Water Works Ln 18,000 SF 100% Leased Office Building Riverview, FL 33569 $5,450,000 ($302.78/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Office Park with Four Stand Alone Buildings
- 4 units per building at 4,500 +/- sq.ft. each
- 106 Parking Stripped Parking Spaces
- 2.7 acres
- Total 18,000 sq.ft. Leaseable
- 100% Occupancy
EXECUTIVE SUMMARY
Seize the chance to own a top-tier investment property offering a robust 7% CAP rate. The Boardwalk at Riverview boasts four standalone buildings, each thoughtfully designed with four units, providing a total rentable area of 18,000 sq. ft. Spanning 2.7 acres, this exceptional property includes 106 parking spaces and a total footprint of 20,182 sq. ft., which accounts for walkways and overhangs. *** Don't miss this rare opportunity to invest in a premier property with a strong return potential! *** This property showcases exceptional pride of ownership and has been meticulously maintained in pristine condition. The property greets visitors with a beautifully tree-lined driveway that winds past two serene retention ponds, creating a tranquil and inviting environment. A shared picnic area adds to the community charm, making this property an exceptional opportunity for investors and tenants alike. Stone accents on building exteriors. Capital improvements: 16 new hot water heaters in 2024; Exterior and interior paint: All new HVAC units within last 2 years; 5 year old roofs; Driveway resurfaced and striped within last two years. Each unit is equipped with a separate electric meter and HVAC system, as well as a handicap-accessible bathroom and a pleasant breakroom. 100% leased with waiting list. Located just off Gibsonton Drive, this property sits within a thriving business district, offering unparalleled convenience, accessibility, and visibility. Its proximity to major highways, including I-75 and 301 Highway, ensures excellent connectivity, while being just minutes from the new AdventHealth Hospital in Riverview. This opportunity is perfect for investors seeking long-term success in a highly desirable location.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
18,000 SF
Building Class
B
Year Built
2006
Price
$5,450,000
Price Per SF
$302.78
Cap Rate
7%
NOI
$381,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
18,000 SF
Building FAR
0.15
Lot Size
2.70 AC
Zoning
PD
Parking
105 Spaces (5.83 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | U-19-30-20-ZZZ-000003-00260.1 | Improvements Assessment | $2,511,080 |
| Land Assessment | $201,920 | Total Assessment | $2,713,000 |
PROPERTY TAXES
Parcel Number
U-19-30-20-ZZZ-000003-00260.1
Land Assessment
$201,920
Improvements Assessment
$2,511,080
Total Assessment
$2,713,000
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Boardwalk of Riverview | 10011-10021 Water Works Ln
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