6709 Ridge Rd - Medical CONDO FOR SALE


Port Richey, FL 34668
$499,000-$813,583 USD
407-403-5775
6709 Ridge Rd, Port Richey, FL for Sale
$499,000-$813,583 USD
Medical CONDO - FOR SALE
1/72
1,804-3,536 SF | 5.08% Cap Rate

6709 Ridge Rd
Port Richey, FL 34668


HIGHLIGHTS

  • NEWLY REMODELED CENTER & UNITS | NNN INVESTMENT OR OWNER USER
  • ATTRACTIVE CAP RATES & PRICE PER FOOT
  • HIGH VISIBILITY
  • HIGH TRAFFIC
  • LARGE PYLON SIGN
  • CREDIT TENANTS

OVERVIEW

Tampa, Florida, MSA!!! A unique opportunity to acquire Capital City Bank's Loan Processing Center. Unit 106 of the Port Richey Business Center is a fully remodeled unit in a fully remodeled building, on busy Ridge Road. The center has been remodeled entirely in 2023, and so was the unit. It has a new roof, new common areas, new piping, new sprinkler system, new fire suppression and fire riser, new porcelain tile all throughout, new HVAC units, new LED lighting, new paint (in and out), new paving, striping, etc. The lease is NNN with full pass-through for operating expenses, taxes and insurance. Tenant pays Base Rent and Additional Rent (CAM) each month to cover for estimated OPEX with full reimbursement option. In addition, the lease has built in yearly base rent escalations to keep up with rising costs. The unit has new HVAC unit, new porcelain plank style tile floors, and more. Tenant maintains the interior of the unit and the Association takes care of everything outside of the unit, making this a very easy to manage asset. The unit benefits of great visibility and access, being a corner unit on the street side of the center, on the first floor. Please download the Offering Memorandum for more details! At this price point this unit will not last!

FOR SALE DETAILS

PRICE

$499,000-$813,583 USD

CAP RATE

5.08%

# OF UNITS

5

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN | 7% CAP | OR OWNER USER

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

40,188 SF

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

139

LAND DETAILS

LAND ACRES

2.09 AC

LAND SF

91,040 SF

ZONING

C1, County

APN/PARCEL ID

28-25-16-0140-00I00-0030

ASK ABOUT THIS PROPERTY

Costel VanatoruVanWald & AssociatesMore Info
407-403-5775

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Costel VanatoruVanWald & AssociatesMore Info
407-403-5775

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