Industrial•Flex Space•For Sale

Douglas Business Center

201 Douglas Road East, Oldsmar, Florida 34677

Sale Price $5,995,000 ($93.28 /SqFt)
Sale Type Investment
Sale Condition 1031
Zoning industrial
Tenant Yes
Bldg Type Tilt wall
Class A
Status for sale
Year Built 1986
Year Renovated 2019
Stories 1
Cap Rate 7.23%
Annual Taxes $52,000.00
Op Expenses $2.00/sqft
Gross Bldg 64,268 SqFt
RBA 64,268 SqFt
Land Area 3 Acres
Avail Parking 3/1000SqFt
Ceiling Height 17.0 Ft
Drive In Doors 20
Market Tampa/St. Petersburg
Sub-Market North Pinellas
Parcel# 24-28-16-00000-210-0800
Douglas Business Center, Oldsmar, Florida 64,268sf - Multi Tenant Office Warehouse Space. Totally remodeled with new roof, facade, electrical, air conditioning, parking and new offices = 15% of TSF $433,478 NOI actual, 100% leased most rents below market 100% occupied, 20 spaces, 17 tenants Excellent tenants and mix, with waiting list.
  • Glass store front entrance, rear GL loading
  • 2,125sf average space, 10,459sf largest space
  • Tilt wall & Block construction. 4 buildings
  • Air conditioned 92%, 17 foot ceilings
  • 100% occupied, 20 spaces, 17 tenants
  • $433,478 NOI actual, most rents below market
  • Excellent tenants and mix, with waiting list.
1/26/2020 12:00:00 AM 1/26/2020 2:17:31 PM
Mike Schweiger
Broker
Target Commercial Real Estate
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