$4,090,000
$4,500,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
21,647 SqFt
SOLD DATE : 12/23/2021
Key Details
Sold Price $4,090,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 21,647 sqft
Price per Sqft $188
Subdivision Belle Haven
MLS Listing ID T3340839
Sold Date 12/23/21
HOA Y/N No
Year Built 1981
Annual Tax Amount $37,677
Lot Size 2.130 Acres
Acres 2.13
Property Description
Columbia Plaza, a +/- 21,647 SF multi-building mixed use development that includes, retail, office and warehouse spaces. The building was full renovated and modernized in 2017 with brand new façade, awnings, roof, monument signage and landscaping. This unique opportunity along a high traffic East & West corridor provides a terrific investment opportunity. Columbia Plaza consist of numbers Amazon or ecommerce resistant tenants ranging from the Paddy Wagon Bar to Hair Salon, Pet Groomer, Pizza Shop and the Warehouse units. This property provides a diverse tenant mix providing a financially sound investment opportunity. All of the leases are structured as triple net and include annual escalations to provide for growth in income and protection against expense increase. This plaza has many tenants who have been occupants for over ten years and month to month tenants which allow for rent increases. The Plaza location in Mid Pinellas County with proximity to Countryside Mall in the most densely populated county in Florida. The excellent demographics, great visibility along SR 580 that sees +/- 44,000 AADT. The Proforma NOI is $273,000 with a CAP RATE of 6.07%.
Location
State FL
County Pinellas
Community Belle Haven
Zoning CP-2
Interior
Cooling Central Air
Exterior
Waterfront false
Building
Story 1
Foundation Slab
Lot Size Range 2 to less than 5
Structure Type Block
New Construction false
Others
Ownership Other
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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