Boardwalk of Riverview | 10011-10021 Water Works Ln
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Boardwalk of Riverview 10011-10021 Water Works Ln
18,000 SF 100% Leased Office Building Riverview, FL 33569 $5,750,000 ($319/SF) 6.50% Cap Rate
Investment Highlights
- Office Park with Four Stand Alone Buildings
- 4 units per building at 4,500 +/- sq.ft. each
- 106 Parking Stripped Parking Spaces
- 2.7 acres
- Total 18,000 sq.ft. Leaseable
- 100% Occupancy
Executive Summary
Introducing an Exceptional Investment Opportunity: The Boardwalk of Riverview Commercial Office Park. This is a rare chance to acquire a premier investment property with a 6.5% CAP rate. The Boardwalk of Riverview consists of four standalone buildings, each featuring four units, for a total rentable area of 18,000 sq. ft. Situated on 2.7 acres, the property includes 106 parking spaces and a total square footage of 20,182 sq. ft., which encompasses walkways and overhangs.
This property exemplifies pride of ownership, maintained in impeccable condition. Notable features include:
* Elegant stone accents on the building exteriors
* Interior units with new wide plank flooring, along with carpet and tile options, and high ceilings
* Sixteen new hot water heaters installed this year
* All HVAC units replaced within the last two years
* Roofs that are only five years old
* Recent painting of both exteriors and interiors
* Driveway resurfaced and striped within the last two years
* Currently 100% occupied with a waiting list
Each unit is equipped with a separate electric meter and HVAC system, as well as a handicap-accessible bathroom and a pleasant breakroom. The property welcomes visitors with an inviting, tree-lined driveway that leads past two retention ponds and features a common picnic area.
Ideally 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.
This property exemplifies pride of ownership, maintained in impeccable condition. Notable features include:
* Elegant stone accents on the building exteriors
* Interior units with new wide plank flooring, along with carpet and tile options, and high ceilings
* Sixteen new hot water heaters installed this year
* All HVAC units replaced within the last two years
* Roofs that are only five years old
* Recent painting of both exteriors and interiors
* Driveway resurfaced and striped within the last two years
* Currently 100% occupied with a waiting list
Each unit is equipped with a separate electric meter and HVAC system, as well as a handicap-accessible bathroom and a pleasant breakroom. The property welcomes visitors with an inviting, tree-lined driveway that leads past two retention ponds and features a common picnic area.
Ideally 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.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
18,000 SF
Building Class
A
Year Built
2006
Price
$5,750,000
Price Per SF
$319
Cap Rate
6.50%
NOI
$373,750
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
18,000 SF
Building FAR
0.15
Lot Size
2.70 AC
Zoning
PD
Parking
105 Spaces (5.83 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | U-19-30-20-ZZZ-000003-00260.1 | Improvements Assessment | $2,237,080 |
| Land Assessment | $201,920 | Total Assessment | $2,439,000 |
PROPERTY TAXES
Parcel Number
U-19-30-20-ZZZ-000003-00260.1
Land Assessment
$201,920
Improvements Assessment
$2,237,080
Total Assessment
$2,439,000
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Boardwalk of Riverview | 10011-10021 Water Works Ln
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