$26,500,000 USD
813-600-5908
HIGHLIGHTS
- Value-Add Opportunity: In-place rents average just $14.96 PSF, well below market rates, offering significant mark-to-market upside.
- Short Lease Terms: 38% of GLA has no renewal options and WALT is just 2.4 years, enabling rapid rental growth and repositioning.
- Strategic Vacancy: 88.5% occupancy with select office suites held vacant to support a comprehensive renovation strategy.
- Renovation Upside: Renovations underway targeting office rents of $50+ PSF, driving meaningful NOI growth.
- NNN Lease Structure: 76% of GLA leased on a NNN basis, minimizing landlord responsibilities and enhancing net cash flow.
- Redevelopment Potential: Large ±130,718 SF center on ±8.72 acres offers substantial leasing flexibility and long-term redevelopment options.
FOR SALE DETAILS
PRICE
$26,500,000 USD
PRICE/SF
$639 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Pinebrook Park
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
125
LAND DETAILS
LAND ACRES
2.83 AC
LAND SF
123,143 SF
ZONING
C-1
APN/PARCEL ID
24-45-24-00-00005.002C
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813-600-5908
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813-600-5908
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