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!