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4519 US Highway 19 3,844 SF Office Building New Port Richey, FL 34652 $2,279,889 ($593.10/SF) 7.25% Cap Rate
Investment Highlights
- Long term (15-year) absolute triple net lease with 2.50% annual escalations
- Assets are situated in New Port Richey, FL (Tampa MSA) with a population over 65,000 within a 3-mile radius.
- Suncoast Surgery Center serves not only as a specialized eye surgery center but a multi-specialty ambulatory surgery center.
- Direct residential consumer base with more than 83,000 residents supporting the trade area with an average household income of $60,100 within 3-mile r
Executive Summary
Suncoast Specialty Surgery Center serve their patients everyday eye needs and preforms specialty surgeries such as Cataract, Glaucoma, Laser Eye, Skin Lesion/Cancer Removal, Retina Surgery, Orthopedics, and more.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,844 SF
Building Class
B
Year Built
1974
Price
$2,279,889
Price Per SF
$593.10
Cap Rate
7.25%
NOI
$165,292
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,844 SF
Building FAR
0.13
Lot Size
0.68 AC
Zoning
C2, County - Commercial
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
1 1
Property Taxes
| Parcel Number | 18-26-16-0040-01100-0000 | Improvements Assessment | $171,113 |
| Land Assessment | $306,904 | Total Assessment | $478,017 |
Property Taxes
Parcel Number
18-26-16-0040-01100-0000
Land Assessment
$306,904
Improvements Assessment
$171,113
Total Assessment
$478,017
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4519 US Highway 19
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