New Port Richey, FL 34655,5089 LITTLE RD
New Port Richey, FL 34655,5089 LITTLE RD
New Port Richey, FL 34655,5089 LITTLE RD
35
$1,675,000
$1,750,000
4.3%
Est.Price: ?

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6,742 SqFt

5089 LITTLE RD New Port Richey, FL 34655

Est. payment /mo
SOLD DATE : 12/22/2022

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Key Details

Sold Price $1,675,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Square Footage 6,742 sqft

Price per Sqft $248

Subdivision Tampa Tarpon Spgs Land Co

MLS Listing ID T3402501

Sold Date 12/22/22

HOA Y/N No

Originating Board Stellar MLS

Year Built 2002

Annual Tax Amount $16,063

Lot Size 0.940 Acres

Acres 0.94

Property Description

NNN Leased (Baycare) Medical Investment Property
This 4,991 SF Little Road medical office has been recently leased to Baycare Medical Group for a new 7 year term and the tenant has recently completed their interior tenant improvements for a primary care medical facility. Lease commencement was June 27, 2022 and the expiration date is June 30, 2029. This medical condo unit, Unit B, is located within a 9,982 SF building (Units A & B). The condominium consists of three (3) Units; Units A, B and C. This 1.88 acre condominium complex offers a 6 space per 1000 SF parking ratio, making it ideal for high traffic practitioners as the site is located seconds from River Crossings Shopping Center, one of the busiest Publix shopping centers in the area. Other neighbors include Starbucks, McDonalds, Monticciolo Family Dentistry, Prestige Dermatology, Verizon Wireless, and Dunkin Donuts. The Year 1 Net Operating Income is $99,820 with 3% annual escalation throughout term with no rent holiday. The tenant funded their own interior buildout and enjoys a below market rent; offering added longterm security to a new owner. Located in the New Port Richey area east of US 19 and north of State Road 54 with close proximity to the Suncoast, offering easy access to all surrounding areas.

Location

State FL

County Pasco

Community Tampa Tarpon Spgs Land Co

Zoning C2

Interior

Cooling Central Air

Exterior

Parking Features Parking Spaces - 19 to 30

Building

Story 1

Foundation Slab

Lot Size Range 1/2 to less than 1

Structure Type Block

New Construction false

Others

Ownership Condominium

Special Listing Condition None

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Stellar MLS
Listed by BAY STREET COMMERCIAL LLC
Bought with STELLAR NON-MEMBER OFFICE

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Jerid Wempen

Broker

+1(720) 297-4020

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