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Price: $1, 499, 900
Cap Rate: 5. 5%
Building Size: 4, 960 SF
Year Built: 2005
Construction: Concrete Block
Land Size: 0. 12 Acre
Traffic Counts: 30, 000+ AADT
Parking: Ample
Zoning: PD/Planned Development
Other Potential Uses: Medical, Attorney, CPA, etc.
Folio Number: 004018-0180
Location: Unincorporated Hillsborough County
Signage: Pylon sign and on building.
Utilities: Water/Sewer - Hillsborough County ~ Electric: Tampa Electric
Roof Replacement: 2022
Taxes (2024): $16, 169
Opportunity Zone: Not located in an OZ.
Welcome to this exceptional opportunity to acquire a fully leased medical office building located at the entrance of Westchase featuring over 9, 000 households. This property is located in the Chase Professional Park on Sheldon Road. This is a great opportunity for an investor looking for an income property in an excellent location with good visibility.
The Chase Professional Park features two driveway entrances with northbound turn access, 14 total buildings, excellent parking and signage. Chase Professional Park is connected to the Applebee's and the CVS along a driveway to the south. The subject building is a desirable end unit located directly on Sheldon road and its 30, 000 cars per day (AADT). The building has both a pylon sign along Sheldon Rd as well as building signage for maximum visibility. This offering is for fully leased medical office building is 4, 960 sf of concrete block construction and two equal +/- sized units. The roof was replaced in 2022 and the building is in excellent condition having been well maintained. The west ½ features a more open floor plan and the eastern ½ has more of a medical buildout with a circular layout.
This property is excellent for a buyer looking for a good investment with the low maintenance of a newer building.
For additional financial information please sign and return attached Confidentiality Agreement.
Quarterly Owner Association Fees - $2, 635
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,499,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,199,920 | $1,199,920 | $1,199,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.362% | 6.349% | 6.183% |
| Monthly Tax Payment | $1,404 | $1,404 | $1,404 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,194 | $7,388 | $10,126 |
| Total Monthly Payment | $8,723 | $8,917 | $11,655 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.