7345 Jackson Springs Dr - Office FOR SALE


Tampa, FL 33634- Town 'N' Country
$2,888,000 USD
727-452-6864
7345 Jackson Springs Dr, Tampa, FL for Sale
$2,888,000 USD
Office - FOR SALE
1/5
null | 7.25% Cap Rate

7345 Jackson Springs Dr
Tampa, FL 33634
Town 'N' Country


HIGHLIGHTS

  • Jackson Springs Square is 100% occupied by 8 tenants, all on NNN leases, with six tenants having annual rent escalations
  • 42% of the GLA is occupied by destination-based medical tenants, which are recession resistant
  • The asset has a 3.06 WALT, giving the Landlord the ability to shape tenant diversity and composition in the near term
  • Most tenants have relocation clauses in their lease, providing further Landlord control of the center’s configuration
  • Over $600,000 invested in capital improvements within the past three years, including parking lot upgrades, exterior painting, and landscaping
  • The site is located less than a mile from the Veterans Expressway (104,088 AADT) and less than 1.5 miles from Tampa International Airport (TPA)

OVERVIEW

RIPCO Real Estate is pleased to offer for sale Jackson Springs Square, a ±11,896 SF medical office center that is 100% occupied by 8 tenants, all on NNN leases, with six tenants having annual rent escalations. These lease structures provide stable cash flow and increase NOI to hedge against inflation. The asset has a 3.06 WALT, giving the Landlord the flexibility to shape tenant diversity and composition in the near term. Most tenants have relocation clauses in their lease, providing further Landlord control of the center’s configuration. The property is located near the signalized intersection of Hanley Rd (19,300 AADT) and Jackson Springs Rd. The site is located less than a mile from the Veterans Expressway (104,088 AADT) and less than 1.5 miles from Tampa International Airport (TPA). Within 5 miles of Jackson Springs Square, there is a population of 215,310 and an average household income of $105,158. This asset would be an attractive opportunity for investors looking to acquire a fully occupied property with NNN leases stabilizing cash flow, along with shorter lease terms that have little to no option periods, giving the landlord greater control over the center. It also features relocation clauses in leases to provide additional flexibility in configuring the center and is located in a densely populated residential area with a population of 16,542 within a 1-mile radius.

FOR SALE DETAILS

PRICE

$2,888,000 USD

PRICE/SF

$243 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jackson Square

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,999 SF

ZONING

PD

APN/PARCEL ID

U-36-28-17-0DN-000070-00002.0

ASK ABOUT THIS PROPERTY

Ari RaviRIPCO Real EstateMore Info
727-452-6864

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Ari RaviRIPCO Real EstateMore Info
727-452-6864

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