For Sale
$5,450,000

10011 Water Works LnRiverview, FL 33578

High-Yield Office Portfolio, 18,000 SF

Overview

Added:
Feb 3
Days on market:
60
This exceptional Riverview, FL office complex presents a compelling investment opportunity. The property encompasses four freestanding buildings, each featuring four units, totaling 18,000 square feet of rentable space on a 2.7-acre lot. The property boasts 106 parking spaces and a total footprint of 20,182 square feet, including walkways and overhangs. Recent capital improvements include 16 new hot water heaters (2024), fresh interior and exterior paint, new HVAC units (within the last two years), and 5-year-old roofs. The driveway was recently resurfaced and restriped. Each unit is equipped with a separate electric meter and HVAC system, a handicap-accessible bathroom, and a breakroom. The property is currently 100% leased with a waiting list, generating a robust 7% CAP rate. Situated near Gibsonton Drive, it offers convenient access to I-75 and Highway 301, and is minutes from the new AdventHealth Hospital. The attractive landscaping, including a tree-lined driveway and retention ponds, enhances the property's curb appeal. A shared picnic area adds to the community atmosphere. Stone accents on the building exteriors contribute to a high-quality aesthetic. This meticulously maintained property offers investors a rare chance to acquire a premier asset in a thriving business district. The property's strong occupancy rate and recent upgrades ensure a stable and potentially lucrative return on investment.

Property Details for 10011 Water Works Ln

Property type
Office properties
Square Feet
18,000 SF
Year Built
2006
Lot Size (sq. ft)
117,612 SF

Location Insight

City
Riverview
County
Hillsborough
State
Florida
Latitude
27.85499
Longitude
-82.33837
10011 Water Works Ln, Riverview, Florida

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10011 Water Works Ln
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