10011-10021 Water Works Ln - Medical FOR SALE


Riverview, FL 33569
$5,450,000 USD
813-690-2330
10011-10021 Water Works Ln, Riverview, FL for Sale
$5,450,000 USD
Medical - FOR SALE
1/60
null | 7% Cap Rate

10011-10021 Water Works Ln
Riverview, FL 33569


HIGHLIGHTS

  • Office Park with Four Stand Alone Buildings
  • 2.7 acres
  • 4 units per building at 4,500 +/- sq.ft. each
  • Total 18,000 sq.ft. Leaseable
  • 106 Parking Stripped Parking Spaces
  • 100% Occupancy

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,450,000 USD

PRICE/SF

$303 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Boardwalk of Riverview

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

105

LAND DETAILS

LAND ACRES

2.7 AC

LAND SF

117,612 SF

ZONING

PD

APN/PARCEL ID

U-19-30-20-ZZZ-000003-00260.1

ASK ABOUT THIS PROPERTY

Kari KurtzAKA Commercial RealtyMore Info
813-690-2330

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Kari KurtzAKA Commercial RealtyMore Info
813-690-2330

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.