Rowen Eye Center | 5305 Grand Blvd
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Rowen Eye Center 5305 Grand Blvd
4,324 SF 100% Leased Office Building New Port Richey, FL 34652 $1,848,883 ($428/SF) 7.25% Cap Rate
Investment Highlights
- Long term (15-year) absolute triple net lease with 2.50% annual escalations
- Assets are situated in New Port Richey, FL (Tampa MSA) with a population over 65,000 within a 3-mile radius.
- Rowan Eye Center has been in operation for over 20 years and offers a plethora of solutions to its patients.
- Direct residential consumer base with more than 83,000 residents supporting the trade area with an average household income of $60,100
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,324 SF
Building Class
B
Year Built
1981
Price
$1,848,883
Price Per SF
$428
Cap Rate
7.25%
NOI
$134,044
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,324 SF
Building FAR
0.13
Lot Size
0.74 AC
Zoning
PMF, New Port Richey
Parking
20 Spaces (4.63 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 08-26-16-0260-00800-0000 | Improvements Assessment | $214,822 |
| Land Assessment | $84,625 | Total Assessment | $299,447 |
PROPERTY TAXES
Parcel Number
08-26-16-0260-00800-0000
Land Assessment
$84,625
Improvements Assessment
$214,822
Total Assessment
$299,447
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Rowen Eye Center | 5305 Grand Blvd
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