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609 Indian Rocks Rd

5,243 SF Office Building Belleair, FL 33756 $2,400,000 ($458/SF) 4.90% Cap Rate

INVESTMENT HIGHLIGHTS

  • New roof

EXECUTIVE SUMMARY

True NNN Medical/Office Building in Belleair with New Tile Roof currently leased with long term tenant. Beautiful New Landscaping directly across the street from Belleair Country Club and Golf Course. Rare opportunity to purchase a commercial property in an exclusive location. Large parking lot in the rear of the building easy access to entrance of buisness. Exceptionally large .43 acre lot. Do Not Disturb Tenant.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Medical
Building Size
5,243 SF
Building Class
B
Year Built
1971
Price
$2,400,000
Price Per SF
$458
Cap Rate
4.90%
NOI
$117,652
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,243 SF
Building FAR
0.27
Lot Size
0.44 AC
Zoning
RM, Belleair Bluffs - Professional office building
Parking
17 Spaces (3.24 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Dermatology Associates
  • Health Care and Social Assistance
  • 5,243 SF
  • -
  • Triple Net
  • Mar 2032
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Dermatology Associates Health Care and Social Assistance 5,243 SF - Triple Net Mar 2032

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
21-29-15-08640-000-0240
Land Assessment
$908,769
Improvements Assessment
$739,231
Total Assessment
$1,648,000
  • Listing ID: 28470679

  • Date on Market: 5/12/2023

  • Last Updated:

  • Address: 609 Indian Rocks Rd, Belleair, FL 33756

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