For Sale
$1,500,000

8407 Pinehurst DrTampa, FL 33615

Prime Tampa Office, High NOI, 90% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 4,531 square foot Class B executive office building in Tampa, Florida, presents a lucrative investment opportunity. Located at 8407 Pinehurst Dr, 33615, this single-building property, constructed in 2002, offers 20 units with a current 90% occupancy rate. The building features 4,531 square feet of prime office space, generating a strong net operating income (NOI) of $85,750, resulting in a 5.72% capitalization rate. The asking price is $1,500,000, translating to $331.05 per square foot. Situated in a high-traffic area with convenient access to Veterans Expressway and W Waters Ave, this property benefits from PD zoning, allowing for a diverse range of business tenants. The building's strong performance and desirable location make it an attractive investment for discerning buyers seeking a stable and profitable commercial real estate asset in the thriving Tampa market. The property is situated in Hillsborough County and offers excellent accessibility and visibility. This multi-tenant building provides a diversified income stream and significant potential for future growth.

Highlights

  • $1,500,000 asking price for this Tampa, FL executive office building.
  • 4,531 square feet of Class B office space in a multi-tenant building.
  • $331.05 price per square foot, with a 5.72% cap rate.
  • 90% occupancy, generating a net operating income (NOI) of $85,750.
  • 20 units in a single, 2002-built building located at 8407 Pinehurst Dr, Tampa, FL 33615.

Property Details for 8407 Pinehurst Dr

Property type
Office properties
Square Feet
4,531 SF
Class
B
Year Built
2002
Buildings
1
Units
20

Location Insight

City
Tampa
County
Hillsborough
State
Florida
Latitude
28.0267681
Longitude
-82.5708593
8407 Pinehurst Dr, Tampa, Florida

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8407 Pinehurst Dr
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