103 W Bloomingdale Ave - Bank FOR SALE


Brandon, FL 33511
$3,150,000 USD
727-388-9500
103 W Bloomingdale Ave, Brandon, FL for Sale
$3,150,000 USD
Bank - FOR SALE
1/21
null | 6.22% Cap Rate

103 W Bloomingdale Ave
Brandon, FL 33511


HIGHLIGHTS

  • $61.4m in deposits for 2024
  • Recent 5-year lease renewal & 5 year remaining option (executed 2/25)
  • Undergoing full interior renovation at tenant expense
  • Outparcel in attractive center
  • Excellent frontage and parking
  • 40k AADT

OVERVIEW

This is the sale of a well located BMO Harris bank branch outparcel to the Bloomingdale Commons shopping center. The tenant recently executed their first 5-year option with three (3) remaining 5-year options. Additionally, the Bank is undergoing a substantial interior renovation demonstrating intent to grow their presence and continue to invest in the location. Deposits are over $61 million for 2024. Bank is attractive with standing seam metal roof, brick exterior walls, excellent signage and 3 covered car lanes with pneumatic tube system. Property boasts 52 parking spaces as well as a cross parking easement with surrounding center. Sit back and clip coupons with this stable and appreciating asset in high growth 301 Corridor section of Southshore (Hillsborough County).

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$679 USD /SF

CAP RATE

6.22%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BMO Harris Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

PD

APN/PARCEL ID

U-10-30-20-94A-000000-00004.0

ASK ABOUT THIS PROPERTY

John Barkett, MAIBarkett RealtyMore Info
727-388-9500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

John Barkett, MAIBarkett RealtyMore Info
727-388-9500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.