27,512 SF
1.21 acres
1 buildings
3 stories
Built in 1974
Contact Agents
Property Documents
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Ray Turchi
Senior Managing Director Investments
[email protected]
Senior Managing Director Investments
[email protected]
(407) 557-3847 (office)
(321) 297-6576 (mobile)
David Vaughan
First Vice President Investments
[email protected]
First Vice President Investments
[email protected]
(407) 557-3829 (office)
(407) 718-2874 (mobile)
Quint Schenck
Real Estate Investment Advisor
[email protected]
Real Estate Investment Advisor
[email protected]
(407) 557-3818 (office)
(407) 913-8680 (mobile)
Investment Highlights
•Three Story Retail/Executive Office Building Located in New Port Richey
•Constructed in 1974 | 30,000 SF | 1.21 Acres
•Significant Recent Capital Improvements
•Considerable Upside Provided through Vacancy Lease-Up | Currently Only 17.24% Occupied
•150 Feet of Direct Frontage along US Highway 19 (AADT: 58,500)
•5 Mile Demographics : 68,221 Total Households | 2022 Total Population: 151,887 | Average Household Income $60,064
•Situated within a Dense Retail Corridor with Nationally Recognized Tenants nearby including Publix, Big Lots, Starbucks, Sam’s Club and many more.
Recent Capital Improvements
•Complete demo and installation of new woodgrain tile floors throughout the entire building (common areas and individual suites)
•New Paint applied to all common areas and office suites
•LED Conversion, breaker upgrades, and new lift station pump
Key Metrics
Cap Rate Year 1:
11.48%
Price/ SF
$78.15
Listing Agents: