Douglas Business Center

201 Douglas Road East, Oldsmar, Florida 34677

For Sale

$5,995,000

About 201 Douglas Road East

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.

Sale TypeInvestment

Sale Condition1031

Zoningindustrial

TenantYes

Bldg TypeTilt wall

ClassA

Statusfor sale

Year Built1986

Year Renovated2019

Stories1

Cap Rate7.23%

Annual Taxes$52,000.00

Op Expenses$2.00/sqft

Gross Bldg64,268 SqFt

RBA64,268 SqFt

Land Area3 Acres

Avail Parking3/1000SqFt

Ceiling Height17.0 Ft

Drive In Doors20

MarketTampa/St. Petersburg

Sub-MarketNorth Pinellas

Parcel24-28-16-00000-210-0800

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.

Attachments & Links

Douglas_Business_Center_Sale_Flyer.pdf

CONFIDENTIALITY_AGREEMENT_1_20_20.pdf

live map

Mike Schweiger

Broker

Target Commercial Real Estate

tools

479

VIEWS

5 years ago

MARKET

5 years ago

UPDATED