office building for sale value-add office building for sale · 2020-07-28 · building information...

KW COMMERCIAL5020 W Linebaugh Ave, Ste. 100Tampa, FL 33624 CHRIS NOWICKI

Agent0: 813.319.6461C: [email protected]

COACH COOKAgentO: 813.319.6461C: [email protected]

Value-Add Office Building For Sale

OFFICE BUILDING FOR SALE

PRESENTED BY:

BRANDON, FL

SALE BROCHURE

Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL5020 W Linebaugh Ave, Ste. 100Tampa, FL 33624

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

CHRIS NOWICKIAgent0: 813.319.6461C: [email protected]


OFFERING SUMMARY

SALE PRICE: Undisclosed

AUCTION DATE: Aug. 10 - Aug. 12

LOT SIZE: 0.58 Acres

YEAR BUILT: 1989

BUILDING SIZE: 6,448 SF

ZONING: B-PO

MARKET: Tampa/St. Petersburg

SUBMARKET: East Tampa

TRAFFIC COUNT: 84,361 AADT

PROPERTY OVERVIEWPROPERTY UP FOR AUCTION AND AVAILABLE AT WWW.TEN-X.COMKW Commercial is proud to present for sale this incredible opportunity toinvest in a value-add office building located in the fast- growing city ofBrandon, FL. This property is income producing and located in a desirablearea that is easily accessible right off of the highly trafficked W BrandonBlvd. This building provides tremendous upside potential through makingrepairs and upgrades to the property, stabilizing and raising rents, fillingvacancies, and improving upon management systems for long-termstabilized cashflow. Located in close proximity to housing, schools, andlocal amenities, this is a perfect opportunity to invest in a value-add propertyin an appreciating market. For the right buyer, Seller will hold financing. Allinformation provided in this Offering has been provided by and deemedaccurate by the owner.

PROPERTY HIGHLIGHTS• Income producing

• Centrally located in Brandon, FL

• Seller Financing available

• Value-add upside potential

• Easy access off of W Brandon Blvd

221 Pauls Dr, Brandon, FL 33511

EXECUTIVE SUMMARY

OFFICE FOR SALE

http://www.kwcommercial.com

/plugins/ebd6b73030d8402a59bf3b2dafd7d7b04f9c0e5d/inventory/666459-sale






LOCATION INFORMATION

Street Address 221 Pauls Dr

City, State, Zip Brandon, FL 33511

County/Township Hillsborough

Market Tampa/St. Petersburg

Submarket East Tampa

Cross Streets Pauls Dr and Oakfield Dr

BUILDING INFORMATION

Gross Building Size 6,448 SF

NOI $45,134

Year Built 1989

Building Class C

Occupancy % 67%

Tenancy Multiple

Number Of Floors 1

Gross Leasable Area 6,000 SF

Condition Fair

Free Standing Yes

Number Of Units 5

PROPERTY DETAILS

Property Type Office

Property Subtype Office Building

Zoning B-PO

Lot Size 0.58 Acres

APN# U-27-29-20-ZZZ-000002-65920.0

Submarket East Tampa

Lot Frontage 140 FT

Lot Depth 190 FT

Corner Property Yes

Traffic Count 84,361 AADT

Traffic Count Street W Brandon Blvd

PARKING & TRANSPORTATION

Parking Type Surface

Parking Ratio 3.39/1,000

Number Of Spaces 20


PROPERTY DETAILS

OFFICE FOR SALE



FINANCIAL ANALYSIS

1 | FINANCIAL ANALYSIS

RENT ROLL

INCOME & EXPENSES

1FINANCIAL ANALYSIS221 PAULS DR

OFFERING MEMORANDUM






TENANT

NAME

UNIT

NUMBER

UNIT

SIZE (SF)

LEASE

END

ANNUAL

RENT

% OF

BUILDING

PRICE

PER SF/YR

Tabernacle Bible College A 1,500 Month to Month $18,000 23.26 $12.00

Dios Sin Limites TV Corp B 1,000 Aug. 2022 $22,000 15.51 $22.00

A-1 Dependable Accounting C 1,000 Month to Month $12,280 15.51 $12.28

Vacant D 1,000 NA $0 15.51 $0.00

Iglesia de Dios La Piedra Viva E 1,500 Month to Month $15,600 23.26 $10.40

Totals/Averages 6,000 $67,880 $11.31


RENT ROLL

OFFICE FOR SALE








TENANT

NAME

UNIT

NUMBER

UNIT

SIZE (SF)

LEASE

END

ANNUAL

RENT

% OF

BUILDING

PRICE

PER SF/YR

Tabernacle Bible College A 1,500 Month to Month $18,000 23.26 $12.00

Dios Sin Limites TV Corp B 1,000 Aug. 2022 $22,000 15.51 $22.00

A-1 Dependable Accounting C 1,000 Month to Month $12,280 15.51 $12.28

Vacant D 1,000 NA $0 15.51 $0.00

Iglesia de Dios La Piedra Viva E 1,500 Month to Month $15,600 23.26 $10.40

Totals/Averages 6,000 $67,880 $11.56

INCOME SUMMARY MULTI-UNIT OFFICE BUILDING FOR SALE

Gross Income $67,880

EXPENSE SUMMARY MULTI-UNIT OFFICE BUILDING FOR SALE

Maintenance $4,500Vacancy $1,835R.E. Taxes $10,392Insurance $3,000Utilities $2,519General Admin $250Advertising $250

Gross Expenses $22,746

Net Operating Income $45,134


INCOME AND EXPENSES

OFFICE FOR SALE



LOCATION INFORMATION

2 | LOCATION INFORMATION

LOCATION MAPS

ADDITIONAL PHOTOS

ADDITIONAL PHOTOS

2LOCATION DETAILS221 PAULS DR

OFFERING MEMORANDUM







LOCATION MAPS

OFFICE FOR SALE









DEMOGRAPHICS

OFFICE FOR SALE









PHOTOS

OFFICE FOR SALE



SALE COMPARABLES

3 | SALE COMPARABLES

SALE COMPS SUMMARY

SALE COMPS MAP

SALE COMPS

3SALE COMPARABLES221 PAULS DR

OFFERING MEMORANDUM






1

2

3

4

5

SUBJECT PROPERTY PRICE BLDG SF PRICE/SF

221 Pauls DrBrandon, FL 33511

Price Undisclosed 6,448 SF -

SALE COMPS PRICE BLDG SF PRICE/SF CLOSE

808 Oakfield DrBrandon, FL33511

$800,000 6,225 SF $128.51 10/31/2019


$2,200,000 13,388 SF $164.33 09/12/2018

515 Corner DrBrandon, FL33511

$540,000 6,828 SF $79.09 04/16/2018

619 Eichenfeld DrBrandon, FL33511

$1,170,000 6,823 SF $171.48 08/26/2019

3109-3117 Lithia Pinecrest RdBrandon, FL33596

$845,000 5,500 SF $153.64 08/28/2019

PRICE BLDG SF PRICE/SF CLOSE

Totals/Averages $1,111,000 7,753 SF $143.30


SALE COMPARABLES SUMMARY

OFFICE FOR SALE








221 Pauls Dr | Brandon, FL 33511SUBJECT PROPERTY

1Brandon, FL33511

808 OAKFIELD DR 2Brandon, FL33511

613 OAKFIELD DR

3Brandon, FL33511

515 CORNER DR 4Brandon, FL33511

619 EICHENFELD DR

5Brandon, FL33596

3109-3117 LITHIA PINECREST RD


SALE COMPARABLES MAP

OFFICE FOR SALE








Subject Property

221 Pauls Dr | Brandon, FL 33511

-Sale Price: 0.58 AcresLot Size:

1989Year Built: 6,448 SFBuilding SF:

-Price PSF: $45,134NOI:

PROPERTY UP FOR AUCTION AND AVAILABLE AT WWW.TEN-X.COM - PRICING UNDISCLOSED. KW Commercial is proud to present for sale this incredible opportunity to invest in a value-add office buildinglocated in the fast- growing city of Brandon, FL. This property is income producing and located in a desirable area that is easily accessible right off of the highly trafficked W Brandon Blvd. This building providestremendous upside potential through making repairs and upgrades to the property, stabilizing and raising rents, filling vacancies, and improving upon management systems for long-term stabilized cashflow. Locatedin close proximity to housing, schools, and local amenities, this is a perfect opportunity to invest in a value-add property in an appreciating market. For the right buyer, Seller will hold financing. All informationprovided in this Offering has been provided by and deemed accurate by the owner.

1

808 Oakfield Dr

Brandon, FL 33511

$800,000Sale Price: 0.95 AcresLot Size:


$128.51Price PSF: 10/31/2019Closed:

100%Occupancy:

1

2

613 Oakfield Dr

Brandon, FL 33511

$2,200,000Sale Price: 1.49 AcresLot Size:



100%Occupancy:

2

3

515 Corner Dr

Brandon, FL 33511




100%Occupancy:

3


SALE COMPARABLES

OFFICE FOR SALE








4

619 Eichenfeld Dr

Brandon, FL 33511

$1,170,000Sale Price: 0.31 AcresLot Size:



100%Occupancy:

4

5

3109-3117 Lithia Pinecrest Rd

Brandon, FL 33596




100%Occupancy:

5


SALE COMPARABLES

OFFICE FOR SALE



RENT COMPARABLES

4 | RENT COMPARABLES

RENT COMPS SUMMARY

RENT COMPS MAP

RENT COMPS

CONFIDENTIALITY & DISCLAIMER

4RENT COMPARABLES221 PAULS DR

OFFERING MEMORANDUM






1

2

3

4

5

6

7

SUBJECT PROPERTY PRICE AVAILABLE SF BLDG SF

221 Pauls DrBrandon, FL 33511

N/A 0 SF 6,448 SF

RENT COMPS PRICE AVAILABLE SF BLDG SF

1335-1353 Oakfield DrBrandon, FL33511

$15.50 SF/year 1,855 SF 9,372 SF

1463 Oakfield Dr.Brandon, FL33511

$13.00 SF/year 1,226 SF 11,250 SF


$13.00 SF/year 1,272 SF 11,250 SF


$13.00 SF/year 705 SF 11,250 SF


$15.00 SF/year 1,226 SF 11,250 SF


$13.00 SF/year 705 SF 11,250 SF


$16.50 SF/year 1,115 SF 8,550 SF


RENT COMPARABLES SUMMARY

OFFICE FOR SALE








8

9

10

11

12

13

14

15



$16.80 SF/year 500 SF 60,116 SF

210-220 W Brandon BlvdBrandon, FL33511

$12.50 SF/year 648 SF 26,099 SF


$12.05 SF/year 697 SF 26,099 SF


$13.30 SF/year 496 SF 26,099 SF


$12.50 SF/year 648 SF 26,099 SF

700 W Lumsden RdBrandon, FL33511

$15.60 SF/year 1,500 SF 60,100 SF

675-679 Lumsden RdBrandon, FL33511

$15.84 SF/year 1,250 SF 4,637 SF

401 N ParsonsBrandon, FL33510

$16.00 SF/year 1,050 SF 2,020 SF



OFFICE FOR SALE








16

17

18

19

20

21

22

23


911-917 S Parsons AveBrandon, FL33511

$20.00 SF/year 2,000 SF 16,535 SF


$16.48 SF/year 697 SF 16,535 SF


$16.48 SF/year 710 SF 16,535 SF

311-345 E Robertson StBrandon, FL33511

$11.30 SF/year 950 SF 17,100 SF

311-345 E Robertson StBrandon, FL33511

$11.37 SF/year 950 SF 17,100 SF


$16.00 SF/year 2,262 SF 11,386 SF


$17.00 SF/year 900 SF 11,386 SF


$17.00 SF/year 900 SF 11,386 SF



OFFICE FOR SALE








24

25

26

27

28

29

30

31



$16.00 SF/year 1,475 SF 11,386 SF


$17.00 SF/year 1,000 SF 11,386 SF

1119-1123 Professional Park DrBrandon, FL33511

$19.00 SF/year 1,000 SF 3,485 SF

1124 Kyle Wood LnBrandon, FL33511

$18.50 SF/year 1,500 SF 3,000 SF

1105 Nikki View DrBrandon, FL33511

$19.32 SF/year 2,490 SF 2,490 SF


$19.00 SF/year 1,500 SF 2,730 SF


$18.00 SF/year 1,500 SF 2,730 SF


$17.00 SF/year 1,676 SF 4,907 SF



OFFICE FOR SALE








32

33



$14.00 SF/year 1,000 SF 4,907 SF


$16.00 SF/year 1,200 SF 4,907 SF

PRICE AVAILABLE SF BLDG SF

Totals/Averages $15.55 1,170 SF 14,404 SF



OFFICE FOR SALE









1Brandon, FL33511

1335-1353 OAKFIELD DR 2Brandon, FL33511

1463 OAKFIELD DR.

3Brandon, FL33511

1463 OAKFIELD DR. 4Brandon, FL33511

1463 OAKFIELD DR.

5Brandon, FL33511

1463 OAKFIELD DR. 6Brandon, FL33511

1463 OAKFIELD DR

7Brandon, FL33511

915 OAKFIELD DR 8Brandon, FL33511

710 OAKFIELD DR


RENT COMPARABLES MAP

OFFICE FOR SALE









9Brandon, FL33511

210-220 W BRANDON BLVD 10Brandon, FL33511

210-220 W BRANDON BLVD

11Brandon, FL33511

210-220 W BRANDON BLVD 12Brandon, FL33511

210-220 W BRANDON BLVD

13Brandon, FL33511

700 W LUMSDEN RD 14Brandon, FL33511

675-679 LUMSDEN RD

15Brandon, FL33510

401 N PARSONS 16Brandon, FL33511

911-917 S PARSONS AVE



OFFICE FOR SALE









17Brandon, FL33511

911-917 S PARSONS AVE 18Brandon, FL33511

911-917 S PARSONS AVE

19Brandon, FL33511

311-345 E ROBERTSON ST 20Brandon, FL33511

311-345 E ROBERTSON ST

21Brandon, FL33511

403-417 LITHIA PINECREST RD 22Brandon, FL33511


23Brandon, FL33511





OFFICE FOR SALE









25Brandon, FL33511


1119-1123 PROFESSIONAL PARK DR

27Brandon, FL33511

1124 KYLE WOOD LN 28Brandon, FL33511

1105 NIKKI VIEW DR

29Brandon, FL33511

1170 NIKKI VIEW DR 30Brandon, FL33511

1170 NIKKI VIEW DR

31Brandon, FL33511





OFFICE FOR SALE









33Brandon, FL33511




OFFICE FOR SALE








Subject Property

221 Pauls Dr | Brandon, FL 33511

N/ALease Rate: 0 SFSpace Size:

1989Year Built: 0.58 AcresLot Size:

5No. Units:

PROPERTY UP FOR AUCTION AND AVAILABLE AT WWW.TEN-X.COM - PRICING UNDISCLOSED. KW Commercial is proud to present for sale this incredible opportunity to invest in a value-add office buildinglocated in the fast- growing city of Brandon, FL. This property is income producing and located in a desirable area that is easily accessible right off of the highly trafficked W Brandon Blvd. This building providestremendous upside potential through making repairs and upgrades to the property, stabilizing and raising rents, filling vacancies, and improving upon management systems for long-term stabilized cashflow. Locatedin close proximity to housing, schools, and local amenities, this is a perfect opportunity to invest in a value-add property in an appreciating market. For the right buyer, Seller will hold financing. All informationprovided in this Offering has been provided by and deemed accurate by the owner.

1

1335-1353 Oakfield Dr

Brandon, FL 33511

$15.50 SF/yearLease Rate: Modified GrossLease Type:

1,855 SFSpace Size: 9,372 SFBldg Size:

0 AcresLot Size:

1

2

1463 Oakfield Dr.

Brandon, FL 33511



0 AcresLot Size: 36 monthsLease Term:

2

3

1463 Oakfield Dr.

Brandon, FL 33511



0 AcresLot Size:

3


RENT COMPARABLES

OFFICE FOR SALE








4

1463 Oakfield Dr.

Brandon, FL 33511


705 SFSpace Size: 11,250 SFBldg Size:

0 AcresLot Size:

4

5

1463 Oakfield Dr.

Brandon, FL 33511




5

6

1463 Oakfield Dr

Brandon, FL 33511




6

7

915 Oakfield Dr

Brandon, FL 33511




7


RENT COMPARABLES

OFFICE FOR SALE








8

710 Oakfield Dr

Brandon, FL 33511




8

9

210-220 W Brandon Blvd

Brandon, FL 33511




9

10


Brandon, FL 33511




10

11


Brandon, FL 33511



0 AcresLot Size:

11


RENT COMPARABLES

OFFICE FOR SALE








12


Brandon, FL 33511



0 AcresLot Size:

12

13

700 W Lumsden Rd

Brandon, FL 33511




13

14

675-679 Lumsden Rd

Brandon, FL 33511



0 AcresLot Size:

14

15

401 N Parsons

Brandon, FL 33510




15


RENT COMPARABLES

OFFICE FOR SALE








16

911-917 S Parsons Ave

Brandon, FL 33511




16

17


Brandon, FL 33511

$16.48 SF/yearLease Rate: Full ServiceLease Type:



17

18


Brandon, FL 33511



0 AcresLot Size:

18

19

311-345 E Robertson St

Brandon, FL 33511



0 AcresLot Size:

19


RENT COMPARABLES

OFFICE FOR SALE








20

311-345 E Robertson St

Brandon, FL 33511



0 AcresLot Size:

20

21


Brandon, FL 33511




21

22


Brandon, FL 33511




22

23


Brandon, FL 33511




23


RENT COMPARABLES

OFFICE FOR SALE








24


Brandon, FL 33511




24

25


Brandon, FL 33511




25

26

1119-1123 Professional Park Dr

Brandon, FL 33511




26

27

1124 Kyle Wood Ln

Brandon, FL 33511




27


RENT COMPARABLES

OFFICE FOR SALE








28

1105 Nikki View Dr

Brandon, FL 33511




28

29

1170 Nikki View Dr

Brandon, FL 33511




29

30

1170 Nikki View Dr

Brandon, FL 33511




30

31


Brandon, FL 33511




31


RENT COMPARABLES

OFFICE FOR SALE








32


Brandon, FL 33511




32

33


Brandon, FL 33511




33


RENT COMPARABLES

OFFICE FOR SALE



KW COMMERCIAL

5020 W Linebaugh Ave, Ste. 100

Tampa, FL 33624

Confidentiality & Disclaimer



All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sourcesare provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliancewith applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of theproperty for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy orcompleteness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, thatmay be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed inwriting.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercialmakes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercialdoes not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party withan attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by NW Tampa in compliance with all applicable fair housing and equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. Itis submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

OFFERING MEMORANDUM

PRESENTED BY:

BRANDON, FL

office building for sale value-add office building for sale · 2020-07-28 · building information...

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