5235 S. Dale Mabry Highway , Tampa, FL 33611€¦ · south tampa retail strip center- 4 units on s....

The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Grimaldi Commercial Realty Corp. has not verified, and will not verify, any ofthe information contained herein, nor has Grimaldi Commercial Realty Corp. conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding

the accuracy or completeness of the information provided. All potential buyers and tenants must take appropriate measures to verify all of the information set forth herein.

Kari L. Grimaldi/ [email protected]

OFFERING SUMMARY

Sale Price: $775,000

Cap Rate: 6.16%

NOI: $47,720

Available SF: 1500

Lot Size: 0.41 Acres

Building Size: 3,923 SF

Zoning: CG- Commercial

General

Market: Tampa-St.

Petersburg-Clearwater

Submarket: South Tampa

Price / SF: $197.55

Listing Agent: Swapna Shah

PROPERTY OVERVIEW

GREAT INVESTMENT OPPORTUNITY South Tampa Retail StripCenter-4 units on S-Dale Mabry Hway. Next to HomeDepot,Gandy Blvd, Publix,Starbucks & residential & RetailBusiness

Great upside potential on this property ,Long term tenantssome longer then 10 yrs but owner is executing only yearlylease so Buyer has fexiliblity with leases

Currently 3 out of 4 units has been leased & 4th unit 1500 sqftis available to lease for projected rent for $16 per sq. feet.

PLEASE SEE ATTACHED RENTROLL & INCOME/EXPENSEINFORMATION

SOUTH TAMPA RETAIL STRIP CENTER- 4 UNITS ON S. DALE MABRY

5235 S. Dale Mabry Highway , Tampa, FL 33611

EXECUTIVE SUMMARY




SALE HIGHLIGHTS

• NEAR GANDY BLVD & NEXT TO HOME

DEPOT ON S DALE MABRY HWY

• SOUTH TAMPA RETAIL -STRIP CENTER

WITH INCOME PRODUCING 4 UNITS

• GREAT INCOME PRODUCING

INVESTMENT PROPERTY NEAR RETAIL &

RESIDENTIAL AREA.



COMPLETE HIGHLIGHTS






ADDITIONAL PHOTOS






LOCATION MAPS




POPULATION 1 MILE 3 MILES 5 MILES

Total population 14,505 64,951 111,672

Median age 41.5 39.5 39.1

Median age (Male) 39.7 38.5 37.9

Median age (Female) 44.4 40.6 40.1

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 6,646 29,475 50,660

# of persons per HH 2.2 2.2 2.2

Average HH income $69,012 $87,847 $93,271

Average house value $295,215 $365,014 $411,857

* Demographic data derived from 2010 US Census



DEMOGRAPHICS MAP & REPORT




5235 S. Dale Mabry Highway



AERIAL MAPS






RETAILER MAP




TENANTNAME

UNITNUMBER

UNITSIZE(SF)

LEASESTART

LEASEEND STATUS LENGTH

ANNUALRENT

%OF

GLA

PRICEPER

SF/YR

Global Pioneer Busin.

Solutions

5235 700 3/1/

2019

2/29/

2020

$8,995 17.84 $12.85

Judy's Tayloring 5237 700 10/

12018

9/30/

2019

$9,240 17.84 $13.20

Toni's Barber Shop 5241 900 4/1/

2017

3/31/

2020

$15,417 22.94 $17.13

Available 5239 1,500 Projected rent

$16/SF

$24,000 38.24 $16.00

Totals/Averages 3,800 $57,652 $15.17

Actual Gross Potential Rent* $-

Projected Gross Potential Rent** $-

*Actual Gross Potential Rent is based on current rents.**Projected Gross Potential Rent is based on market rents.



RENT ROLL




INVESTMENT OVERVIEW

Price $775,000

Price per SF $197.55

CAP Rate 6.2%

Cash-on-Cash Return (yr 1) 6.16 %

Total Return (yr 1) $47,720

Debt Coverage Ratio -

OPERATING DATA

Gross Scheduled Income $57,562

Other Income -

Total Scheduled Income $57,652

Vacancy Cost -

Gross Income $57,652

Operating Expenses $9,932

Net Operating Income $47,720

Pre-Tax Cash Flow $47,720



FINANCIAL SUMMARY




INCOME SUMMARY

Rent $33,652Other Income- Projected rent for available unit $24,000

Gross Income $57,652

EXPENSE SUMMARY

Repairs and Maintenance $600Insurance $3,500Property Tax $5,832

Gross Expenses $9,932

Net Operating Income $47,720



INCOME & EXPENSES

SWAPNA SHAH

Commercial Realtor

ADVISOR BIO

PROFESSIONAL BACKGROUND

Swapna Shah has a strong rapport and extensive professional experience working with the

Tampa Bay community, and a passion for commercial real estate. She has demonstrated

leadership qualities and is known in different venues as persuasive and getting the job done.

Swapna has vast professional network and has been a Tampa Bay resident for over 25 years with

personal experience investing in commercial real estate as an owner. When Swapna needed real

estate experts 10 years ago to advise her regarding her commercial real estate needs, she turned

to Grimaldi Commercial Realty, Tampa’s most branded company. Because of Grimaldi

Commercial Realty’s integrity and straight forwardness in their dealings, she was left with such a

positive impression. When Swapna ventured into real estate brokerage she knew that she wanted

the finest Commercial Real Estate Company to mentor her to become a top notch real estate

professional.

Swapna’s own experience buying, selling and leasing has given her a keen understanding of

client’s needs. She is a poised and competent leader in our community and is capable and

passionate about turning client’s dreams into realties.

Swapna has a degree in Business Administration

EXPERTTISE

Hotels/Motels

Office/Medical

Investment Properties

Convenience stores/Gas Stations

1031 Exchanges

CONTACT

Swapna Shah

[email protected]

Cell: (813) 789-4142 | Fax: (813) 960-9830

www.GrimaldiCommercialRealty.com

ADVISOR BIO




Contact your Sales & Leasing Staff at Grimaldi Commercial Realty Corp.

GRIMALDI COMMERCIAL REALTY CORP.COMPANY BACKGROUND AND SERVICES

EST. 1975, EXPERIENCE IS THE DIFFERENCEGrimaldi Commercial Realty Corp. has been serving the Tampa Bay and surrounding areas in Florida since 1975. Our vastexperience and unparalleled knowledge and presence in the local market makes us the professional of choice in commercial realestate and investment properties. We have the Commercial and Investment markets totally unmatched with a team of experiencedagents that specialize in all sectors of the commercial market:

We utilize the latest in technology being affiliated with over 40+ local, national, and international commercial marketing sites to aggressively market andmove our listings to closing quickly.

Grimaldi Commercial Realty Corp. performs a careful assessment of each client’s needs before creating the perfect andspecialized marketing plan for each property. Our philosophy of continuing hands-on involvement throughout the entire processhas led to continued success and growth since 1975. One of Tampa Bay’s premier and acknowledged commercial real estateexperts, Grimaldi Commercial Realty Corp. provides a personalized and professional service approach with a history of long-termclient relationships.

• Seller & Buyer Representation• Landlord & Tenant Representation• Investment & Financial Analysis• Property Valuation• Short sales & Foreclosures

• Property Management• Multifamily and Income Producing Investments• Land Sales & Development• Retail and Office Sales & Leasing• Industrial Sales & Leasing




5235 S. Dale Mabry Highway , Tampa, FL 33611€¦ · south tampa retail strip center- 4 units on s....

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