29291 Tribune Blvd
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29291 Tribune Blvd
7,500 SF 100% Leased Retail Building Punta Gorda, FL 33955 $2,500,000 ($333/SF) 4.18% Cap Rate
Investment Highlights
- Great visibility US 41 one mile from I 75 near terminus of Tuckers Grade west end
- Growing county Many developments very near.
- Tall Ceilings
Executive Summary
Fully lease Allstate Insurance Gaming Tenant and Broadstar Cable
Marquis Sign being installed Building freshly painted New landscape and Parking Lot Restripe
Marquis Sign being installed Building freshly painted New landscape and Parking Lot Restripe
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$125,000
|
$16.67
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$125,000
|
$16.67
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$35,000
|
$4.67
|
| Net Operating Income |
$90,000
|
$12.00
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $125,000 |
| Annual Per SF | $16.67 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $125,000 |
| Annual Per SF | $16.67 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $35,000 |
| Annual Per SF | $4.67 |
| Net Operating Income | |
|---|---|
| Annual | $90,000 |
| Annual Per SF | $12.00 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,500 SF
Building Class
B
Year Built
2008
Price
$2,500,000
Price Per SF
$333
Cap Rate
4.18%
NOI
$104,400
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Land Acres
0.88 AC
Zoning
CG - Commercial Zoned High profile building near Tuckers Grade Rd and US 41 (Tamiami Tr)
Parking
30 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
na
- Craftin' Cow Inc
- Retailer
- 1,400 SF
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Bottom Crawlers | Retailer | - | - | - | ||
| Craftin' Cow Inc | Retailer | 1,400 SF | - | - |
PROPERTY TAXES
| Parcel Number | 422302153001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $668,468 |
PROPERTY TAXES
Parcel Number
422302153001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$668,468
-
Randy Krise -
Krise Commercial Group, LLC
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29291 Tribune Blvd
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