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609 Indian Rocks Rd
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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


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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
Parcel Number | 21-29-15-08640-000-0240 | Improvements Assessment | $739,231 |
Land Assessment | $908,769 | Total Assessment | $1,648,000 |
PROPERTY TAXES
Parcel Number
21-29-15-08640-000-0240
Land Assessment
$908,769
Improvements Assessment
$739,231
Total Assessment
$1,648,000
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609 Indian Rocks Rd
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