AAA RATED TENANTs | BARRISTER WEST BUILDING
100% Leased | 8.00% Cap | New Port Richie,, FL
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NEW LISTING!
Asking Price
$3,200,000
Aaa credit rated tenants| new 10 year nnn lease
Class A | 8.00% Cap | 100% Leased | 14,500 SF +/-
Listing Brokers
Costel Vanatoru
Lic. Real Estate Broker
407.403.5775
FL License: FL BK3139052
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Aaa credit rated tenants| new 10 year nnn lease
Class A | 8.00% Cap | 100% Leased | 14,500 SF +/-
Price
$3,200,000
CAP Rate
8.00%
Price/RSF
$222.25
Occupancy
100%
Address
7701 Little RD, Unit 101
Tenancy
Multiple
City/State/Zip
New Port Richie, FL 34654
Term Left
24 (+/-) to 124 +/- months
County
Pasco
Lease Type
Modified Gross & NNN
Property Type
Office/ Medical
NOI
$256,595
Use Type
Investment Property
Building Class
A
PID
Per Request
Rentable Square Feet
14,398 +/-
Zoning
Commercial/ Office
Ownership Type
Condo
Lot Size
-
Year Built
2008 & 2019
PROPERTY DESCRIPTION
Vanwald & Associates is pleased to present the unique opportunity to own Unit 101 of the Barrister West Building, located in a Class “A” building at 7701 Little Road, New Port Richie, Florida.
Unit 101 is comprised of both Suites 101 and 102 taking up the entire first floor of a well kept, Class “A” building on busy Little Road. The property shows great, both inside and out, and has a newer roof, newly paved parking lot, new paint, and more.
The unit is 100% leased to the United States Government, The Department of Veteran’s Affairs and BayCare Health System. The VA has been at this location since 2008, signed a three year renewal in late 2018, and the space was built to suit their needs at a cost of $480,000, paid by the tenant back in 2008. BayCare, credit rated, $4.2 billion dollar company, just signed a brand new 124 month NNN lease, with 2, 5 year renewal options. Both are rate credit tenants, rated Aa2 by Moody.
The VA operates the Little Road Mental Health Clinic at this location, and the space was built to accommodate their specific use. BayCare is using their suite as their corporate office for the Home Health Department.
The association maintains the structure and roof of the building, along with all common area components, parking, and parking lights, landscaping, porter service, janitorial for the common areas, and more.
All Rights Reserved. Copyright 2016 Vanwald & Associates LLC
VanWald & Associates LLC | Lic. Real Estate Broker | 6000 Metrowest BLVD STE 101, Orlando, FL 32835