$1,800,000
$1,900,000
5.3%For more information regarding the value of a property, please contact us for a free consultation.
7,100 SqFt
SOLD DATE : 11/15/2019
Key Details
Sold Price $1,800,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 7,100 sqft
Price per Sqft $253
MLS Listing ID A4442864
Sold Date 11/15/19
Construction Status Appraisal
HOA Y/N No
Year Built 2007
Annual Tax Amount $15,151
Lot Size 7,405 Sqft
Acres 0.17
Property Description
Engel & Völkers South Tampa is pleased to exclusively offer this WellMed Network Inc. single tenant investment property in Land O’Lakes, Florida. Located along one of the primary thoroughfares in Pasco County, State Road 54, the property sits within a very strong corridor that has had record growth over the past five (5) years and is projected to continue for the next ten (10) years. This site is centrally located just west of U.S. 41 and accessible to Hwy 75 and the Suncoast Express-way. WellMed Network’s lease features ±5 years of primary term remaining and two (2) one (1)-year options to renew. The lease includes an attractive 2% annual rent increase during the initial term and throughout each renewal option period. Located in The Offices of Devonwood Condominiums a Office complex of Eighteen (18) well-appointed single story office buildings, this 7,100+ square-foot freestanding building ideally situated to the main central entrance with excellent access and visibility along S.R. 54 (Traffic Count: 45,000 AADT).
Location
State FL
County Pasco
Interior
Heating Heat Pump
Cooling Central Air
Flooring Carpet, Ceramic Tile
Exterior
Utilities Available BB/HS Internet Capable, Electricity Available, Public
Waterfront false
Roof Type Shingle
Building
Lot Description Sidewalk
Story 1
Lot Size Range Non-Applicable
Builder Name Walker Development
Sewer Public Sewer
Structure Type Stucco
New Construction false
Construction Status Appraisal
Others
Ownership Corporation
Special Listing Condition None
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Bought with ENGEL & VOELKERS TAMPA
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