Freedom Office Suites | 18216 N US Highway 41
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Freedom Office Suites 18216 N US Highway 41
3,000 SF 100% Leased Office Building Lutz, FL 33549 $899,000 ($300/SF) 5.50% Cap Rate
Investment Highlights
- US Highway 41 frontage; professional office park
- Three Sections separately metered and AC
- New Building 2023 CO
Executive Summary
Premium 3000 sf building available. North Tampa, Lutz. New Construction - Completed September 2023. Superior US Hwy 41 frontage. AAA rated Owner is occupying 1,183 sf with a 3-year lease back. The remainder of the space is configured into 6 executive suites with separate entrance, 2 kitchens and a conference room. Separate meters and AC. Reserved parking for 11. Owner will vacate if Buyer needs space (1,183 sf). Primerica is flexible as to continued occupancy. Willing to stay with existing 3 year lease or vacate subject to the preference of the Buyer.. The 6 Executive Suites are 100% occupied. See www.freedomofficesuites.com for marketing promotion.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Building Size
3,000 SF
Building Class
B
Year Built
2023
Price
$899,000
Price Per SF
$300
Cap Rate
5.50%
NOI
$49,428
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,000 SF
Building FAR
0.98
Lot Size
0.07 AC
Zoning
PD - Planned Development
Parking
23 Spaces (3.67 Spaces per 1,000 SF Leased)
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Financial Services
- Finance and Insurance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Insurance Agent
- Finance and Insurance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Mortgage Broker
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Tax and Accounting Services
- Professional, Scientific, and Technical Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Financial Services | Finance and Insurance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Insurance Agent | Finance and Insurance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Mortgage Broker | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Tax and Accounting Services | Professional, Scientific, and Technical Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
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Freedom Office Suites | 18216 N US Highway 41
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