18115 Us Hwy 41 N - Office FOR SALE


Lutz, FL 33549- Northdale
$2,800,000 USD
813-505-3612
18115 Us Hwy 41 N, Lutz, FL for Sale
$2,800,000 USD
Office - FOR SALE
1/24
null | 5.65% Cap Rate

18115 Us Hwy 41 N
Lutz, FL 33549
Northdale


OVERVIEW

Pelwood Square (the “Property”) is a 10,000 SF single-story two (2) building suburban office complex located in Lutz, Florida, just on the northern edge of Tampa minutes away from Interstate 275 at the Bearss Avenue interchange. The brick exterior buildings were constructed in 1987 and feature an attractive courtyard setting and ample parking, along with a building monument sign providing opportunity for tenant signage. The Property has been excellently maintained with a new roof added in 2022 and a new septic field added in 2025. The Property has enjoyed high-demand tenancy for the duration of its existence, ideally lending itself either to tenants focused only on leasing as well as an user-owner seeking to to partially occupy the property. The Property is current 100% leased to seven (7) tenants, the most recent of which entered into a lease at $25.00 per SF on a modified gross basis, which is still on the lower end of the asking rent range for competing office buildings in the area.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$280 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Pelwood Square

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

PD-CN

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jon SlaterLincoln Property CompanyMore Info
813-505-3612

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Jon SlaterLincoln Property CompanyMore Info
813-505-3612

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