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