PINELLAS COUNTY - OFFICE PARKS FOR SALE 2 Office Properties in Largo, FL
INVESTMENT HIGHLIGHTS
- FOR SALE - 1301 Seminole Blvd, Largo, FL (38,222 SF) and 11350 66th St N, Largo, FL (35,598 SF) for 73,820 SF total
- Leases are heavily Landlord favored - LL has the right to terminate most leases with a 90 day notice for any reason
- 6% minimum annual rent escalations on majority of all leases in place
- Prime opportunity for Live Local, Owner Users, Re-development play, or strong mark to market opportunity for an investor
- Modified Gross Leases - Can pass through increases on Taxes, Insurance, CAM, Management Fees, etc. to tenant
- Functional unit sizes | Ample excess parking | Monument signage | Ability to host on-site property management
EXECUTIVE SUMMARY
Two property portfolio sale - Pinellas County office properties. 1301 Seminole Blvd (38,222 SF) and 11350 66th St N (35,598 SF) for 73,820 SF total.
Both properties have recently completed heavy exterior and interior capital improvements, such as paint, asphalt, interior renovations (flooring, etc.).
Largo Business Center presents a compelling investment opportunity in the thriving market of Largo, Florida. Strategically located at 1301 Seminole Blvd, Largo, FL 33770, this ±38,222 SF multi-tenant commercial property sits on a ±3.32-acre parcel with a total lot size of ±144,619 SF. Constructed in 1974 and recently renovated in 2022, the property benefits from extensive upgrades, including improvements to the parking lot, exterior, and security infrastructure, enhancing its long-term value and tenant appeal.
The single-story masonry structure features ample on-site parking with a ratio of 3.77 spaces per 1,000 SF, ensuring convenient accessibility for tenants and customers alike. Zoned R/OG, the property accommodates a diverse mix of 26 units, providing a well-balanced and stable income stream. With an 84.2% occupancy rate, Largo Business Center offers investors a strong in-place cash flow with immediate upside potential through the lease-up of the 6,041 SF of vacant space.
Park Village North, located at 11350 66th St N in Largo, FL, presents an attractive investment opportunity in the office real estate market. The property is 35,729 square feet of rentable space across 27 units on a 4.52-acre lot, providing ample room for a variety of office-based businesses. Originally built in 1986, the building has undergone significant renovations, including a new roof and modernized interior office spaces, making it an ideal option for tenants seeking updated and functional work environments.
The property is constructed with durable masonry, ensuring long-term reliability and low maintenance, while its single-story layout offers easy accessibility. It features 204 parking spaces, with a parking ratio of 5.83 spaces per 1,000 square feet, providing convenient parking for employees and clients. Located just 17 minutes from St. Pete-Clearwater International Airport, Park Village North benefits from excellent regional access via 66th St N and Bryan Dairy Rd, making it highly convenient for businesses, employees, and visitors. With its combination of recent renovations, ample parking, strategic location, and significant leasing potential, Park Village North offers a compelling opportunity for investors.
Both properties have recently completed heavy exterior and interior capital improvements, such as paint, asphalt, interior renovations (flooring, etc.).
Largo Business Center presents a compelling investment opportunity in the thriving market of Largo, Florida. Strategically located at 1301 Seminole Blvd, Largo, FL 33770, this ±38,222 SF multi-tenant commercial property sits on a ±3.32-acre parcel with a total lot size of ±144,619 SF. Constructed in 1974 and recently renovated in 2022, the property benefits from extensive upgrades, including improvements to the parking lot, exterior, and security infrastructure, enhancing its long-term value and tenant appeal.
The single-story masonry structure features ample on-site parking with a ratio of 3.77 spaces per 1,000 SF, ensuring convenient accessibility for tenants and customers alike. Zoned R/OG, the property accommodates a diverse mix of 26 units, providing a well-balanced and stable income stream. With an 84.2% occupancy rate, Largo Business Center offers investors a strong in-place cash flow with immediate upside potential through the lease-up of the 6,041 SF of vacant space.
Park Village North, located at 11350 66th St N in Largo, FL, presents an attractive investment opportunity in the office real estate market. The property is 35,729 square feet of rentable space across 27 units on a 4.52-acre lot, providing ample room for a variety of office-based businesses. Originally built in 1986, the building has undergone significant renovations, including a new roof and modernized interior office spaces, making it an ideal option for tenants seeking updated and functional work environments.
The property is constructed with durable masonry, ensuring long-term reliability and low maintenance, while its single-story layout offers easy accessibility. It features 204 parking spaces, with a parking ratio of 5.83 spaces per 1,000 square feet, providing convenient parking for employees and clients. Located just 17 minutes from St. Pete-Clearwater International Airport, Park Village North benefits from excellent regional access via 66th St N and Bryan Dairy Rd, making it highly convenient for businesses, employees, and visitors. With its combination of recent renovations, ample parking, strategic location, and significant leasing potential, Park Village North offers a compelling opportunity for investors.
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PROPERTY FACTS
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Park Village
11350 66th St N, Largo, FL 33773 |
Office | 35,598 SF | 1986 | - |
|
Largo Business Centre
1301 Seminole Blvd, Largo, FL 33770 |
Office | 38,222 SF | 1974 | - |
